This was the lowest figure since April, amid a notable slowdown in cost of transport (4.84% vs 6.37% in September), largely linked to public transportation services and vehicles & vehicle operation. Inflation came in at 7.5% in September, matching Augusts figure, which had marked the highest inflation rate since Challenges of Energy Security in Europe: Can Algeria be an Alternative to Russia? Consumer Price Index in Bulgaria increased to 8602 index points in July 2022. The maximum level was 7295 index points and minimum was 1.51 index points. Data published Monthly by National Statistical Institute. Historical Data (index points) by years Data Period Date 8602 Jul/22 25.08.2022 8507 Jun/22 15.07.2022 Consumer prices increased 1.36% from the previous month in February, below the 1.54% Client Log In, Facebook Election night 2022 is in the books. I will not be Prime Minister. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. This was the highest rate since April 2020, mainly due to a sharp jump in cost of food. Alejandro Polanco Mata: Spains Infrastructure Development Model can be a Helpful Example for Bulgaria #AmbassadorTalks, Charge d'Affaires ad interim Irene Maria Plank: Germany has been Bulgaria's Number 1 Trading Partner for years #AmbassadorTalks, Danish Ambassador Jes Brogaard Nielsen: Bulgaria has A Lot of Potential for Growth #AmbassadorTalks, COVID-19 in Bulgaria: 467 New Cases in the Last 24 hours, How many Times were Diplomatic Relations between Russia and Bulgaria Severed, Thracian Secret Societies available in English and Bulgarian for All the History Buffs, Bulgaria and Macedonia. March's figure was the highest reading since August 2007. Inflation in the OECD rises further in May 2022, reaching 9.6% . Independent analyst The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. The monthly harmonised CPI inflation was the highest since August 2007, when the figure was 2.2 per cent. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). The World Inflation Rate The average inflation rate around the world is 7.4%. For the rest of The Sofia Globes continuing coverage of the Covid-19 situation in Bulgaria,please click here. The annual inflation rate in Namibia rose further to 6.8 percent in July of 2022 from 6 percent in the previous month. Inflation Rate in Iraq increased to 5.30 percent in September from 4.40 percent in August of 2022. The situation is even worse for skilled workers, says Dr Cem Oyvat, an economics lecturer at the University of Greenwich, leading to a devastating brain drain. Inflation Reduction Act: Next steps in applying climate provisions. The annual inflation rate in Nigeria accelerated for the eighth straight month to 20.77% in September of 2022 from 20.52% in the prior month. Newfound political stability along with a potential improvement in capital expenditure will lift growth prospects for the country. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content: The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. VP of the European Commission: It is High Time for Bulgaria to be admitted to Schengen, A Serbian Gang transferred 400 Migrants from Bulgaria to Serbia in a Month, Only Sweden and France can provide Bulgaria with Jet Fighters until the arrival of the F-16s, The Two accused for the Murder of a Bulgarian Border Policeman will stand before the court in Turkey, Bulgaria and the Euro: All your Questions Answered, The European Commission approved the allocation of 1.37 billion Euros to Bulgaria, Bulgarian National Bank denied a Report that Bulgaria is not ready to join the Eurozone in 2024, The Bulgarian Government approved a Draft Law on Personal Bankruptcy. Meanwhile, the annual rate hit 82.9%, further accelerating from 78.5% in the previous month but south of consensus. The Senate on August 7 voted 51 to 50 along party lines to pass the Inflation Reduction Act" budget reconciliation bill. Inflation increased to 14.4% in April, following Marchs 12.4%. The annual inflation rate in Greece accelerated to 12.0 percent in September of 2022 from 11.4 percent in the previous month, holding close to levels not seen since late 1993. Online Store Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. April 19, 2022. In April 2021, year-on-year CPI inflation was two per cent. Online Store Please support us in continuing to offer - as we set out to do when we launched in June 2012 - journalism that is truly independent and informed. This page provides the latest reported value for - Iraq Inflation Rate - plus previous releases, historical Check your inbox or spam folder to confirm your subscription. Annual inflation will reach 18.7% in September 2022, NSI reports. In Turkey, however, the opposite has happened. Inflation came in at 17.7% in August, which was up from Julys 17.3%. All rights reserved, Turkey's tourism industry struggles as Russian visitors face sanctions, Inflation in Georgia soars as some locals struggle to make ends meet, Spain: Restaurants dismayed as they're forced to bump up price of popular set menu, Annual inflation in Turkey reaches record 25-year high of 85.5%. Bulgaria is facing a serious rise in inflation, which in 2022 could double, depending on how the government reacts - warned financial expert and former MP from "There Is Such a It's always running too hot, says Timothy Ash, an emerging markets expert at BlueBay Asset Management. It measures the change in prices of goods and services purchased by consumers. Inflation Rate in Iraq averaged 8.68 percent from 2005 until 2022, reaching an all time high of 76.55 percent in August of 2006 and a record low of -6.37 percent in October of 2009. Annual inflation will reach 18.7% in September 2022, NSI reports. Bulgarias annual consumer price index (CPI) recorded 14.4 per cent inflation in April 2022, up from 12.4 per cent a month earlier, data released by the National Statistical Compared to April 2021, food prices were 20.7 per cent higher, while non-food and services prices rose by 13.6 per cent and 7.6 per cent, respectively. (Consumer price index changes since April 2021. The legal minimum wage was recently doubled in Turkey in light of sky-rocketing inflation. The harmonised CPI figure, calculated by NSI for comparison with European Union data, rose by 2.1 per cent on a monthly basis in April, while the annual harmonised CPI inflation was 12.1 per cent. Can You Get A Home Loan With A Low Income? In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.20 percent in 2020, according to our econometric models. 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 Turkish Statistical Institute reported in October that inflation hit a 24-year high of 85.51%, though many have claimed the real rate is likely even higher. CPI Transportation in Bulgaria decreased to 10541 Index Points in July 2022. The maximum level was 9083 Index Points and minimum was 87.28 Index Points. Data published Monthly by National Statistical Institute. Historical Data (Index Points) by years Data Period Date 10541 Jul/22 25.08.2022 10722 Jun/22 Twitter When economies grow rapidly, interest rate rises are often used by central banks to cool down the economy. Please support independent journalism by clicking on the orange button below. September 15, 2022. HICP inflation is set to accelerate to 12.5% in 2022 on the back of higher energy and food prices and indirect effects of increased energy prices for firms to overall inflation. For the first time in two years, since the start of the start of Covid-19 pandemic in Bulgaria in March 2020, NSI made no mention of its ability to collect data being impaired and having to extrapolate statistical data. War on the Road in Bulgaria: In 10 Days - 16 Victims! 10/02/2022 October 2, 2022 Bulgarians have cast their votes in the fourth election the country has seen in 18 months. With most countries importing goods, such as fuel, materials or technology, weaker currencies mean higher prices. -. Inflation came in at 18.7% in September, up from Augusts 17.7%. For as little as three euro a month or the equivalent in other currencies, you can support The Sofia Globe via patreon.com and get access to exclusive subscriber-only content: The Sofia Globe - the Sofia-based fully independent English-language news and features website, covering Bulgaria, the Balkans and the EU. 30 Oct 2022 0. Get information on latest national and international events & more. Main upward pressures came from prices of food & non-alcoholic beverages (99.1 percent vs A Microsoft 365 subscription offers an ad-free interface, custom domains, enhanced security options, the full desktop version of Office, and 1 TB of cloud storage. It's hard to predict an election, said Ash. Key View We at Fitch Solutions forecast that Bulgaria will grow by 3.8% in 2022 following an estimated real GDP rise of 3.4% in 2021. LinkedIn News Bulgaria. Maria Edileuza Fontenele Reis: There are Opportunities for Increased Exports of Bulgarian Products to Brazil #AmbassadorTalks, Ambassador Giuseppina Zarra: Bulgaria is an Attractive Destination for Italian Companies #AmbassadorTalks, H.E. Consumer prices increased 2.22% from the previous month in March, following the 1.36% rise recorded in February. The goods and services indicators of Bulgaria. 2022-09-23. Food and beverage prices were 10.5 per cent higher, on an annual basis, while the price of utilities and housing increased by 12.4 per cent and transportation costs were 16.3 per cent higher compared to January 2021. They do this by increasing the cost of borrowing money, which reduces economic activity. HOT: Czech Ambassador Lukas Kaucky: Bulgaria has Good Conditions for the Development of IT and New Technologies #AmbassadorTalks. Francisco Seco/Copyright 2022 The AP. Press The annual inflation rate in Turkey rose further to 85.5 percent in October 2022, from 83.5 percent in the previous month, and in line with market forecasts of 85.6 percent. Consumer prices increased 2.46% in April over the previous month, after the 2.22% increase recorded in March. Meanwhile, the trend pointed up, with annual average inflation coming in at 7.0% in April (March: 6.0%). GDP growth slowed to 4.0% year on year in the second quarter, from 5.0% in the first quarter. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Please support us in continuing to offer - as we set out to do when we launched in June 2012 - journalism that is truly independent and informed. The Turkish Statistical Institute reported in October that inflation hit a 24-year high of 85.51%, though many have claimed the real rate is likely even higher. Hell certainly use the budget to help those he thinks are key to winning the election.. There is a decrease in the prices of passenger air transport - 13.3%, courier services - 12.8%, package services for holidays and tourist trips - 12.0%, propane-butane gas for LTS - 10.4%, short-term accommodation services - 9.3%, motor gasoline A95 - 6.4%, motor gasoline A100N - 4.8%, diesel fuel - by 3.2%, washing machines and dishwashers - by 2.1%. Published by N. Snnichsen , Oct 13, 2022 The inflation rate of energy prices in Bulgaria have increased since 2021. The three categories account for about 48.3 per cent of the harmonised CPI basket. The result was largely due to rising prices for food and non-alcoholic beverages. November 3, 2022, by The Sofia Globe staff, November 8, 2022, by The Sofia Globe staff, November 7, 2022, by The Sofia Globe staff, November 6, 2022, by The Sofia Globe staff. Home > News > Bars illustrate the annual CPI and lines show the monthly CPI. Twitter LinkedIn April 19, 2022 The Sofia Globe staff macroeconomic indicators Bulgarias annual consumer price index (CPI) recorded 12.4 per cent inflation in March 2022, up from 10 per cent a month earlier, data released by the National Statistical Institute (NSI) on April 19 showed. Romania's annual inflation rate jumped to 15.9 percent in September of 2022, the since October 2003, from 15.3 percent in August, and well above market expectations of a 15.2 percent. Independent analyst ENAG estimated that the annual CPI inflation was in fact 176.0% the month before. Economists had expected an 8.1% annual increase. Press Get a sample report showing our regional, country and commoditiesdata and analysis. However, unlike the situation in most other advanced economies, the central bank of Turkey is not independent of the government, meaning it is difficult for them to address the problem. Sign up to subscribe to sofiaglobe.com's daily bulletin through the form on our homepage. Google+, Facebook A A centralisation of power in the hands of the Turkish president is at the heart of this issue. We've developed a suite of premium Outlook features for people with advanced email and calendar needs. Monthly inflation is 1.2% and year-to-date inflation ( September 2022 vs. December 2021) is 14.0%. Erdogan blames everyone else, he told Euronews. This page provides the latest reported value for - South Korea Inflation Inflation came in at 17.7% in August, which was up from Julys 17.3%. Bulgaria: Inflation comes in at highest level since May 1998 in August. The average inflation rate around the world is 7.4%. November 3, 2022, by The Sofia Globe staff, November 8, 2022, by The Sofia Globe staff, November 7, 2022, by The Sofia Globe staff, November 6, 2022, by The Sofia Globe staff. Bulgaria: Inflation comes in at a 24-year high in May. This page provides - Estonia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bulgaria: Inflation comes in at highest level since July 2008 in March. A man uses his mobile phone in front of monitors showing Japan's Nikkei 225 index at a securities firm in Tokyo, Tuesday, Nov. 8, 2022. On a monthly basis, consumer prices are expected to 0.04 Percent on Apr 2021 Though Bulgaria inflation fluctuated substantially in recent months, it tended to increase through May 2016 - April 2021 period ending at 0.04 percent last month. -. Never miss out on our latest data,analysis and industryevents. This has fuelled record-breaking inflation in Turkey -- among the highest rate in Europe. The following consumer groups have increased prices the most: The prices of goods and services have decreased in the following consumer groups: As for food, leafy vegetables - by 9.9%, green beans, zucchini and eggplants - by 8.2%, citrus and southern fruits - by 7.1%, tomatoes - by 7.0%, eggs - by 6.5%, pasta - by 5.3%, cottage cheese - by 5.2%, pork - by 4.8%, ripe garlic - by 4.5%, white cheese - by 4.5%, cucumbers - by 4.4%, low-fat fresh milk - by 4.3%, sugar - by 3.8% , meat from cattle - by 3.1%, cabbage - by 3.1%. Its going to be interesting, he added. September's reading was the highest inflation rate since May 1998. Bulgarias independent English-language news and features website. Bahrains annual inflation rate increased to 4.0% in August of 2022 from 3.9% in July. The average annual inflation Consumer prices increased 2.46% in April over the previous month, after the 2.22% increase recorded in November 7, 2022. Bulgarias annual consumer price index (CPI) recorded 17.7 per cent inflation in August 2022, rising from 17.3 per cent a month earlier, data released by the National Statistical Inflation Rate in Venezuela averaged 3693.97 percent from 1973 until 2022, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973. Check your inbox or spam folder to confirm your subscription. The consumer price index, a key inflation barometer, jumped by 8.2% in September relative to a year earlier. This record inflation is thus hitting households already in great difficulty. Prices rose for food (19.12 percent vs 18.22 percent in August) and non-food products (16.61 percent vs 15.98 percent). (Consumer price index changes since January 2021. Read more Bulgaria: Inflation comes in at highest level since May 1998 in August Inflation Rate in Venezuela decreased to 155.80 percent in October from 157.40 percent in September of 2022. Monthly inflation in April was 2.5 per cent, compared to 2.2 per cent recorded in March. Bulgaria: 7.8% annual inflation in December Economic forecasts for inflation are based on the assumption that electricity and heat prices for households will rise by 15% in April Singapore: Inflation stable in September. Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy Among non-food goods and services, the largest price increase was recorded for methane for LTS - by 18.3%, central gas supply - by 16.7%, pellets - by 12.7%, wood for heating - by 12.2%, coal - by 6.8%, cinemas and theaters - by 6.4%, educational literature - by 5.1%, newspapers - by 4.8%, higher education - by 4.4%. Erdogan can throw a lot of money at insulating certain sections of the population, like pensioners, those on social security payments [and] public sector workers, explained Ash. 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