bulgaria inflation rate forecast

Bulgaria inflation rate for 2021 was 3.30%, a 1.63% increase from 2020. Headline inflation is expected to accelerate to 2.0 per cent at end-2021, reflecting largely increased oil prices and higher inflation in domestic food prices and core inflation, thereafter slowing during 2022 to 0.9 per cent in the context of stabilising international commodity prices. Last update : Summer 2022 Economic Forecast (14/07/2022) Overall, real GDP is expected to grow by 2.8% in 2022 and 2.3% in 2023. Ship Age NFT - The Next Big NFT To Explode With 100x Returns, 10,000 Exclusive NFTs Available | 30 MATIC Each, Bulgaria Current Account Balance Forecast, Bulgaria GDP (Gross Domestic Product, Current Prices, US Dollar), Employer Insurance Premium Growth Still a Problem. (November 1, 2022) The Federal Open Market Committee (FOMC), in its latest meeting on September 21, 2022, forecasted that the Personal Consumption Expenditures (PCE) inflation rate in the United States will average at 5.4% in 2022, and then decline to 2.8% in 2023. With this, the country was listed as position number 112 in world rankings. Following a career as a photographer and video producer, Alice began working in financial services as an IFA in 2007. On a monthly basis, consumer prices rose 1.2 percent in September, the same pace as in the previous month. President of World Bank Group, Islamic Development Bank, African Development Bank, Asian Development Bank, European Bank for Reconstruction and Development, Inter-American Development Bank respectively. My Cart She began her career as an investment writer and financial journalist in 2009, working for a number of top financial institutions while obtaining extensive expertise writing for a range of industries and audiences. A gifted communicator, strategist, writer and avid blogger, Andrea is Managing Director of SAJE, a digital communications agency, and The Writers Shop a regional collaboration between the best business writers in Asia Pacific, Copyright Economywatch.com. In June 2022, the inflation rate for food in Bulgaria was at 23.8 percent. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Finally, harmonized inflation rose to 10.5% in March, from February's 8.4%. Dr. Anas F. Alhajji is a leading expert on the energy markets, and has published over 900 papers, articles, and columns. In comparison to the same month of the previous year, the cost of food increased by 23.1 percent. Founding members of Columbia Universitys Center on Capitalism and Society. Inflation Rate in Bulgaria is expected to be 19.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. All Rights Reserved. Google+, Copyright: 2022. API users can feed a custom application. Initially, Bulgaria was a communist nation but in January of 2007, this country became a member of the European Union or EU. higher in 2022 and 0.8 pps. Read more Bulgaria: Inflation comes in at highest level since May 1998 in August September 15, 2022 Inflation came in at 17.7% in August, which was up from July's 17.3%. One of the most fascinating things about the economic situation of this country is that while stead growth has been measured over the past few years, it is will one of the most underdeveloped of all countries in Europe. Mc-site.info Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 . The annual inflation rate in Bulgaria accelerated to 17.7 percent in August of 2022, from 17.3 percent in the prior month. Lastly, harmonized inflation ticked up to 14.9% in July, from the previous month's 14.8%. Some of her best-known work includes educational content related to finance and economics. The content on this page is for information purposes only. Click here for more information on FFC's long range forecasts or to subscribe. The Trading Economics Application Programming Interface (API) provides direct access to our data. lower in 2023. Inflation Rate Calculator Use IS Infostat for preceding years Data Metadata and methodology Quality reports Press releases Publications Base period: Time period: Contact us National Statistical Institute 2, P. Volov Str.2 1038 Sofia, Bulgaria Phone: (+359 2) 9857 111 E-mail: E-mail: Info@nsi.bg Site map Finally, harmonized inflation rose to 8.4% in February, from January's 7.7%. Although most government officials of this country have been 100% committed to developing some type of economic reform and have taken full responsibility for financial planning, increasing inflation costs and significant account balance deficits has made success impossible. LinkedIn Argentinas Energy Secretary in 2002, and subsequently its World Bank representative. Since breaking free from communism and being in a downward economic spiral, Bulgaria has seen tremendous growth. 5 years of economic forecasts for more than 30 economic indicators. Client Log In, Facebook Singapore: Inflation stable in September. Trading Economics welcomes candidates from around the world. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. Current job openings: Download historical data for 20 million indicators using your browser. We have a plan for your needs. He was in charge of the firms macro-analysis of the oil, natural gas, and associated markets, as well as the general economy. Harmonised Inflation Rate YoY in Bulgaria increased to 15.60 percent in September from 15 percent in August of 2022. source: National Statistical Institute, Bulgaria Harmonised Inflation Rate YoY in Bulgaria averaged 7.26 percent from 1997 until 2022, reaching an all time high of 547.70 percent in December of 1997 and a record low of -2.50 percent in April of 2016. Thursday Headlines: OPEC, Deutsche Bank and Many Fed Speakers. September's reading was the highest inflation rate since May 1998. Investing is speculative. Pushing forward, since 2005 Bulgaria has been able to average over 6% growth. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Annual average inflation rose to 6.0% in March (February: 5.0%). Some 2.63 million people work in Bulgaria but the Bulgaria unemployment rate is still just over 9%. It has transformed from a highly centralized, planned economy to an open, market-based, upper-middle-income economy securely anchored in the EU. Current job openings: Bulgaria Construction Output Drops 1.3% in September, Bulgaria Industrial Output Growth Slows to 11-Month Low, Bulgaria Posts Largest Trade Gap in Over 14 Years, Bulgaria Retail Trade Growth Steady in September, Bulgaria Consumer Morale Weakens Further in Q4, Bulgaria Business Confidence Lowest in 7 Months, Bulgaria Producer Price Inflation Hits New All-Time High, Bulgaria Tourist Arrivals Rise 44% YoY in September, Bulgaria Current Account Surplus Widens in August, Bulgaria Inflation Rate Highest Since 1998, Brazil Inflation Rate Softens to 19-Month Low, Greek Inflation Rate Slows to 7-Month Low, China Total Social Financing Below Forecasts, South Africa Factory Output Unexpectedly Rises for 3rd Month, Austria Industrial Output Growth Slows in September. It measures the change in prices of goods and services purchased by consumers. This number was a decrease of 5.61% from 2008, which was reported at $49.90 billion. Bulgaria Forecast - was last updated on Tuesday, November 8, 2022. The inflation rate for consumer prices in Bulgaria moved over the past 35 years between -1.4% and 1,058.4%. Advanced users can use our Python/R/Matlab packages. Inflation came in at 18.7% in September, up from Augusts 17.7%. It was the highest reading since May of 1998, as prices climbed further for food & non-alcoholic beverages (23.8 percent vs 22.7 percent in May), housing & utilities (18.5 percent vs 17.5 percent), and transportation (37.5 percent vs 32.6 percent). The maximum level was 2020 % and minimum was -2.6 %. FocusEconomics panelists project inflation to average 14.8% in 2022, which is up 1.1 percentage points from last months forecast, and 8.5% in 2023. source: EUROSTAT 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Compare Core Inflation Rate by Country Related Bulgaria Consumer Morale Weakens Further in Q4 The World Bank In Bulgaria Bulgaria has undergone a significant transformation over the past three decades. In looking at the end of 2010, experts are forecasting an increase of GDP current prices of 7.47%, which would put numbers at $50.62 billion. In fact, almost 14% of the population of Bulgaria lives under the poverty line. In addition, price pressures for housing, water, electricity, gas and other fuels rose at a faster rate. FocusEconomics Consensus Forecast panelists project inflation to average 13.6% in 2022, which is up 0.4 percentage points from last month's forecast, and 6.1% in 2023. Standard users can export data in a easy to use web interface or using an excel add-in. Inflation Rate Mom in Bulgaria averaged 1.82 percent from 1995 until 2022, reaching an all time high of 242.35 percent in February of 1997 and a record low of -3.53 percent in June of 1998. Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. The Laspeyres formula is generally used. Bulgaria inflation rate for 2019 was 3.10%, a 0.29% increase from 2018. The Trading Economics Application Programming Interface (API) provides direct access to our data. September's uptick marked the highest reading since April. White label accounts can distribute our data. This website is free for you to use but we may receive a commission from the companies we feature on this site. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). In total, the unemployment rate amounted to 5.42 percent in 2021.. March's result represented the highest inflation rate since July 2008. Jun 24, 2022 This statistic shows the average inflation rate in Bulgaria from 1987 to 2021, with projections up until 2027. For 2023, panelists project inflation to average 3.4%. Inflation came in at 17.7% in August, which was up from Julys 17.3%. In the long-term, the Bulgaria Inflation Rate is projected to trend around 6.40 percent in 2023 and 4.00 percent in 2024, according to our econometric models. Twitter Al-Madani - Kuroda - Mirow - Moreno - Zoellick. | Bulgaria Inflation | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Bulgaria: Inflation comes in at highest level since May 1998 in September, Bulgaria: Industrial output growth rises in August, Bulgaria: Inflation comes in at highest level since May 1998 in August, Bulgaria: Industrial output growth slows in July, Inflation Rate (CPI, annual variation in %). 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