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Bulgaria’s consumer confidence index declined to -25.1 in Q4 2025 from -21.1 in the previous quarter, marking its lowest level since Q2 2023. The downturn was driven by increasingly negative views of households’ financial situation over the past 12 months (-24.1 vs -21.3 in Q3) and more pessimistic expectations for the year ahead (-21.6 vs -16.8), accompanied by rising uncertainty regarding future finances (-14.6 vs -11.0). Sentiment toward the broader economy also weakened: assessments of economic conditions over the past year fell to -50.1 from -46.6, while expectations for the next 12 months declined to -36.2 from -31.6. Inflation perceptions remained elevated, with assessments of recent price increases edging up (63.1 vs 62.1), though inflation expectations for the year ahead eased marginally (33.2 vs 33.6).
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