Bulgaria continues to remain within the eurozone's inflation limits, according to data from the European statistical service Eurostat
Temporary high inflation and the desire to save will lead to moderate growth in private consumption
Data on the sustained low 12-month average inflation will be reflected in the convergence report expected from Brussels on June 4
Annual inflation in Bulgaria slowed to 3.5% in April, according to data from the National Statistical Institute (NSI) published on Thursday
The criterion was met for the first time in February, when Bulgaria's inflation rate fully matched that of the eurozone.
This is the opinion held by ING Think, the economic analysis unit of the Dutch bank ING
Only the cost of clothing and shoes went down
The convergence report will show whether the country is ready to join the monetary union.
Bulgaria is likely to meet the eurozone inflation criterion in the first months of 2025
The most realistic date for Bulgaria's accession to the Eurozone is January 1, 2026 - this is the conclusion that a number of financial institutions
Inflation in Bulgaria will hover above 2% over the next two years, supported by wage and credit growth, and consumption will remain the engine of the economy
Yet another big bank in Bulgaria – UBB - expects that the country will only meet the inflation criterion for the Eurozone next year
