Bulgaria: energy inflation rate by commodity 2024

The inflation rate of energy prices in Bulgaria have decreased in early 2023 compared to the previous year. Gas has seen a decline, with the inflation rate reaching -22.8 percent in December 2023 after it peaked in September 2022 at 212.1 percent. These developments occurred after Russia's invasion of Ukraine, which has been the cause of uncertainty over Europe's security of gas supply, as well as intense energy price volatility. However, in 2024, the prices have recovered compared to the previous year.

Harmonized index of consumer prices (HICP) energy inflation rate in Bulgaria from January 2019 to May 2024, by commodity

Characteristic	Energy	Gas	Electricity
May '24	2.6%	-11.8%	4.4%
Apr '24	1.7%	-20.2%	4.4%
Mar '24	0.3%	-25%	4.4%
Feb '24	-0.9%	-23.9%	4.4%
Jan '24	-2.8%	-37.6%	4.4%
Dec '23	0.8%	-22.8%	4.4%
Nov '23	0.2%	-16.6%	4.4%
Oct '23	-2.4%	-55%	4.4%
Sep '23	-5.7%	-67.6%	4.4%
Aug '23	-6.9%	-63.7%	4.4%
Jul '23	-9.4%	-47%	4.4%
Jun '23	-9.6%	-39.9%	3.4%
May '23	-5.7%	-40.9%	3.4%
Apr '23	-0.7%	-25.3%	3.4%
Mar '23	3.8%	-8.8%	3.4%
Feb '23	11.6%	3.9%	3.4%
Jan '23	13.5%	16.2%	3.4%
Dec'22	12.7%	20.7%	3.4%
Nov'22	15.2%	14.2%	3.4%
Oct'22	22.1%	81.5%	3.4%
Sep'22	32.1%	212.1%	3.4%
Aug '22	32%	197.9%	3.4%
Jul '22	34.1%	124.1%	3.4%
Jun '22	37.5%	107.6%	4.4%
May '22	34.1%	148.6%	4.4%
Apr '22	30%	138.2%	4.4%
Mar '22	27.8%	117.4%	4.4%
Feb '22	23%	105.9%	4.4%
Jan '22	24.7%	146.9%	4.4%
Dec '21	24.1%	102.7%	4.4%
Nov '21	24%	89.3%	4.4%
Oct '21	20.9%	98.2%	4.4%
Sep '21	16%	68%	4.4%
Aug '21	15%	60.6%	4.4%
Jul '21	13.6%	47.2%	4.4%
Jun '21	12.2%	37.6%	2.8%
May '21	11.1%	23.6%	2.8%
Apr '21	8.6%	12.9%	2.8%
Mar '21	-1.2%	-14.3%	2.8%
Feb '21	-5.6%	-13.1%	2.8%
Jan '21	-7.4%	-16.8%	2.8%
Dec '20	-8.2%	-16%	2.8%
Nov '20	-8.3%	-15.4%	2.8%
Oct '20	-8.5%	-18.8%	2.8%
Sep '20	-8.2%	-21.8%	2.8%
Aug '20	-8.3%	-25.8%	2.8%
Jul '20	-9.4%	-25.8%	2.8%
Jun '20	-11.3%	-24.7%	2.9%
May '20	-11.5%	-22.6%	2.9%
Apr '20	-8.3%	-19.5%	2.9%
Mar '20	-0.1%	-0.3%	2.9%
Feb '20	4.1%	0%	2.9%
Jan '20	5.8%	-0.8%	2.9%
Dec '19	3.7%	-0.1%	2.9%
Nov '19	-0.5%	-0.4%	2.9%
Oct '19	-2.6%	-0.4%	2.9%
Sep '19	-0.8%	6%	2.9%
Aug '19	0.1%	6.5%	2.9%
Jul '19	0.6%	7.1%	2.9%
Jun '19	1.2%	12.2%	2%
May '19	3.9%	12.3%	2%
Apr '19	4.8%	12.5%	2%
Mar '19	4.4%	13.1%	2%
Feb '19	1.7%	12.9%	2%
Jan '19	0.4%	13.2%	2%

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Release date

June 2024

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Region

Bulgaria

Survey time period

January 2019 to May 2024

Supplementary notes

According to the source, the Harmonized Indices of Consumer Prices (HICP) measure changes in the prices of consumer goods and services over time. These indices provide comparable measures of inflation.

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