Bulgaria: Eurozone Accession Not Linked to Higher Inflation

Bulgaria: Eurozone Accession Not Linked to Higher Inflation

… increase, Latvia had negative to moderate inflation, while Slovenia, Slovakia, and Croatia recorded moderate … 3.0 pp, Lithuania 0.9 pp, and Croatia 2.1 pp … expanding the money supply. In Bulgaria’s case, the existing currency …

The introduction of the euro in Bulgaria is not related to an increase in inflation, according to an analysis by the Fiscal Council

SOFIA – The introduction of the euro is a nominal change and is not related to an increase in inflation, according to the Fiscal Council of Bulgaria in an analysis examining the level of inflation in several eurozone countries three years before and three years after the introduction of the euro. Inflation is not caused by the currency change itself, but by real factors such as military conflicts with direct impact on the country, production cos…