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Dynamics and Structural Characteristics of Inflation in Bulgaria

Author

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  • Nikolay Velichkov

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

The paper examines the dynamics and structural characteristics of inflation in Bulgaria in 2022 – 2023. Within the framework of the analysis, various structural sections of inflation are made. They refer to the decomposition of the overall harmonised index of consumer prices into individual consumer groups at different levels of disaggregation. Along with the analysis of the price behaviour of these groups of goods and services over time, their contributions to the general inflation in the country are also assessed. The obtained empirical results show the presence of certain specificities in the course of the inflationary process and its structural characteristics. These features reflect determining factors of the price dynamics in Bulgaria during the studied time period.

Suggested Citation

  • Nikolay Velichkov, 2024. "Dynamics and Structural Characteristics of Inflation in Bulgaria," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 127–145-1, May.
    • Handle: RePEc:nwe:natrud:y:2024:i:1:p:127-145
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    File URL: https://unwe-research-papers.org/bg/journalissues/article/11548
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    More about this item

    Keywords

    inflation; HICP; prices;
    All these keywords.

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy

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