However, forecasters also believe that by the end of 2015, numbers will increase significantly to $9,474.14 billion. September's reading was the highest inflation rate since May 1998. For the end of 2010, professional forecasters expect to see an increase of 64.84%, which would increase the inflation rate to 2.70% and by 2015, another increase, closing the year out at 3%. It was the highest reading since May of 1998, as prices advanced faster for housing & utilities (30.6 percent vs. 26.8 percent in August), food & non-alcoholic beverages (25.5 percent vs. 24.1 percent), education (8.1 percent vs. 6.4 percent) and clothing & footwear (9.1 percent vs. 7 percent). Argentinas Energy Secretary in 2002, and subsequently its World Bank representative. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.0% in February (January: 4.1%). Bulgaria and the IMF Because of this, the amount of Foreign Direct Investment (FDI) interest in the country has increased dramatically. Bulgaria inflation rate for 2020 was 1.67%, a 1.43% decline from 2019. The Trading Economics Application Programming Interface (API) provides direct access to our data. 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. Since breaking free from communism and being in a downward economic spiral, Bulgaria has seen tremendous growth. However, some of the strategic and critical industries of the country are state-owned. On a monthly basis, consumer prices rose 1.2 percent in September, the same pace as in the previous month. Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. It was the highest reading since May of 1998, as prices advanced faster for food & non-alcoholic beverages (24.1 percent vs. 23.8 percent in July) and housing & utilities (26.8 percent vs. 18.5 percent). For 2023, panelists project inflation to average 3.4%. November 7, 2022. 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%. Lastly, harmonized inflation ticked up to 14.9% in July, from the previous month's 14.8%. 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). 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. Overall, the price increase was 483,769.42%. Amar Bhide is a Visiting Professor at Harvard Business School, currently teaching Lessons from Transformational Medical Advances. Bulgaria Inflation Rate MoM - February 2022 Data - 1995-2021 Historical The result was largely due to rising prices for food and non-alcoholic beverages. 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. Jul 27, 2022 This statistic shows the average inflation rate in Romania from 1987 to 2020, with projections up until 2027. Meanwhile, transport prices slowed (22.8 percent vs. 37.5 percent). Bulgaria inflation rate for 2019 was 3.10%, a 0.29% increase from 2018. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.4% in September (August: 5.0%). In the long-term, the Bulgaria Inflation Rate is projected to trend around 4.50 percent in 2023 and 4.00 percent in 2024, according to our econometric models. The maximum level was 2020 % and minimum was -2.6 %. economic inflation 2022 Jun 24, 2022 This statistic shows the average inflation rate in Bulgaria from 1987 to 2021, with projections up until 2027. Alcoholic beverages and Tobacco; Communication; Miscellaneous Goods and Services; Furniture, Household Goods and Maintenance; Clothing and Footwear and Education account for the remaining 24.5 percent of total weight. 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. 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. Read more The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. Amy Griffin enjoys writing about social media, other marketing strategies, and finance. Bulgaria Inflation March 2022 FocusEconomics Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 percentage points from last month's forecast. Inflation came in at 18.7% in September, up from Augusts 17.7%. lower in 2023. Bulgaria Inflation Rate (CPI) - Mc-site.info- mc-site.info Bulgaria Forecast Overview GDP Labour Prices Money Trade Government Business Consumer Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Some of her best-known work includes educational content related to finance and economics. Bulgaria inflation rate for 2018 was 2.81%, a 0.75% increase from 2017. Dr. Anas F. Alhajji is a Managing Partner of Energy Outlook Advisors and was previously the Chief Economist at NGP Energy Capital Management. Bulgaria Inflation Rate (CPI, eop) - Mc-site.info Pushing forward, since 2005 Bulgaria has been able to average over 6% growth. Trading Economics welcomes candidates from around the world. Bulgaria Overview Overview Context Strategy Economy Country Context * Latest data for 2020 Client Log In, Facebook What is the inflation rate in Bulgaria in 2021? Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. Google+, Copyright: 2022. Latest numbers for Bulgaria population show that more than 7.5 million people currently live in this country. The annual inflation rate in Bulgaria accelerated to 16.9 percent in June of 2022, from 15.6 percent in the prior month. This page provides the latest reported value for - Bulgaria Inflation Rate MoM - plus previous . By the end of 2009, a reduction of 63.07% was experienced, which changed inflation to a negative $4.458 billion. Finally, for the Bulgaria Current Account Balance, 2008 closed at a negative $12.07 billion in US dollars. Industrial output grew 18.4% year on year in August (July: +16.1% yoy). For 2021, an inflation rate of 3.3% was calculated. Twitter Al-Madani - Kuroda - Mirow - Moreno - Zoellick. What is the latest macroeconomic forecast for Bulgaria? In 2009, the Bulgaria GDP (Gross Domestic Product, Current Prices, US Dollar) was reported at $47.102 billion in US dollars. Even so, the country has continued to struggle due to some government corruption, issues with organized crime, and a weak judiciary. All Rights Reserved. Bulgaria Inflation Rate - Forecast 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. Advanced users can use our Python/R/Matlab packages. 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. The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. March's result represented the highest inflation rate since July 2008. Trading Economics welcomes candidates from around the world. Bulgaria Inflation (PPI) - Bulgaria Economy Forecast & Outlook Inflation Rate Forecast 2022/2023 - TRADING ECONOMICS The Laspeyres formula is generally used. 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. Primarily, this country deals with iron, copper, gold, refined petroleum fuels, coal, weapons, bismuth, coal, electronics, and materials for the construction industry. Calendar Forecast Bulgaria Inflation Rate (CPI) - FocusEconomics Read more Mc-site.info Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 percentage points from last month's forecast. 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. It was the highest reading since May of 1998, as prices advanced faster for housing & utilities (30.6 percent vs. 26.8 percent in August), food & non-alcoholic beverages (25.5 percent vs. 24.1 percent), education (8.1 percent vs. 6.4 percent) and clothing & footwear (9.1 percent vs. 7 percent). Chief Economist at NGP Energy Capital Management PDF Macroeconomic Forecast Singapore Inflation September 2022

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