Data published Monthly by National Statistical Institute. The index measures the amount of human capital that a child born today can expect to attain by age 18, given the risks of poor health and poor education that prevail in the country where she lives. In the long-term, the Bulgaria Inflation Rate is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models. 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. According to the World Bank, the economy of Bulgaria is considered as being upper middle income. Jul 27, 2022 This statistic shows the average inflation rate in Romania from 1987 to 2020, with projections up until 2027. Oct 19, 2022 The unemployment rate in Bulgaria increased by 0.3 percentage points in 2021 in comparison to the previous year. While the country has seen growth, in part from improvement of Foreign Direct Investment or FDI, the latest recession from the world financial crisis shows that more exports, as well as capital inflows are desperately needed. White label accounts can distribute our data. LinkedIn Amy Griffin enjoys writing about social media, other marketing strategies, and finance. TRADING ECONOMICS DATA 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. API users can feed a custom application. What is the latest macroeconomic forecast for Bulgaria? The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs. The Bulgaria inflation rate in 2008 was reported at 7.19% and for 2009, 1.638% a significantly 77.21% drop. This page provides the latest reported value for - Bulgaria Inflation Rate MoM - plus previous . The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. During the observation period from 1986 to 2021, the average inflation rate was 56.8% per year. The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. 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%. Inflation Rate Forecast 2022/2023 - was last updated on Monday, November 7, 2022. Annual average inflation rose to 6.0% in March (February: 5.0%). 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. 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. 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. Because of this, the amount of Foreign Direct Investment (FDI) interest in the country has increased dramatically. Founding members of Columbia Universitys Center on Capitalism and Society. The FOMC the US Federal Reserve System's monetary policymaking body . In 2021, the average inflation rate in Bulgaria had amounted to about. The annual inflation rate in Bulgaria accelerated for the 12th straight month to 10% in February of 2022, from 9.1% in the prior month. In fact, almost 14% of the population of Bulgaria lives under the poverty line. A long range forecast for the U.S. Inflation Rate and similar economic series is available by subscription. In 2009, the Bulgaria GDP (Gross Domestic Product, Current Prices, US Dollar) was reported at $47.102 billion in US dollars. 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. Online Store 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. Compared to the Spring Forecast, the real GDP growth rate is 0.7 pps. The core team focusing on economics, industries, investing, businesses & personal finance. Author: FocusEconomics Sample Report Looking for forecasts related to Inflation in Bulgaria? In 2020, the average inflation rate in Romania amounted to about 2.65. Trading Economics welcomes candidates from around the world. Industrial output grew 18.4% year on year in August (July: +16.1% yoy). 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). 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. 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. However, some of the strategic and critical industries of the country are state-owned. 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 rose to 12.1% in April, from March's 10.5%. The result was largely due to rising prices for food and non-alcoholic beverages. Finally, consumer prices rose 1.23% over the previous month in September, accelerating from August's 1.17% rise. When investing your capital is at risk. 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. Additionally, he is the chairman of the International Advisory Council at the Center for Social and Economic Research. FocusEconomics Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 percentage points from last month's forecast. The Trading Economics Application Programming Interface (API) provides direct access to our data. Please note that we are not authorised to provide any investment advice. 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. Get a sample report showing our regional, country and commoditiesdata and analysis. Inflation came in at 17.7% in August, which was up from Julys 17.3%. Inflation Rate in Bulgaria increased by 18.7 % in September 2022 over the same month in the previous year. Advanced users can use our Python/R/Matlab packages. 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. In addition, price pressures for housing, water, electricity, gas and other fuels rose at a faster rate. If we were to look at forecasts for the countrys account balance five years from now, the numbers are expected to close at $4.349 billion, again in US dollars. Chief Economist at NGP Energy Capital Management Click on the button below to get started. Adjunct professor at Georgetown University. White label accounts can distribute our data. September's reading was the highest inflation rate since May 1998. 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). 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. Some of her best-known work includes educational content related to finance and economics. Read more Al-Madani - Kuroda - Mirow - Moreno - Zoellick. Home The World Economy Bulgaria Economy Bulgaria Economic Forecast. The World Needs A New Trade Pact: Robert Zoellick et al. In total, the unemployment rate amounted to 5.42 percent in 2021.. 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. Even so, many people in Bulgaria are determined to stabilize the economy so the country can again enjoy healthy growth. Bulgaria inflation rate for 2019 was 3.10%, a 0.29% increase from 2018. | 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 %). Following a career as a photographer and video producer, Alice began working in financial services as an IFA in 2007. Read more Initially, Bulgaria was a communist nation but in January of 2007, this country became a member of the European Union or EU. However, forecasters also believe that by the end of 2015, numbers will increase significantly to $9,474.14 billion. Anders Aslund has been dubbed by David Frum as one of the worlds leading experts on the collapse of the planned Soviet economy., Andrea Edwards has worked in marketing and communications all over the globe for 20 years, and is now focused on her passion writing. Inflation came in at 18.7% in September, up from Augusts 17.7%. Monthly, consumer prices increased by 1.2 percent, following a 1.1 percent rise in the previous month. Bulgaria Forecast - was last updated on Tuesday, November 8, 2022. Twitter We have a plan for your needs. 5 years of economic forecasts for more than 30 economic indicators. Edmund Strother Phelps (born July 26, 1933) is an economist who won the Nobel Memorial Prize in Economic Sciences in 2006.
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