Argentinas Energy Secretary in 2002, and subsequently its World Bank representative. This page provides the latest reported value for - Bulgaria Inflation Rate MoM - plus previous . Twitter Mc-site.info Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 . Edmund Strother Phelps (born July 26, 1933) is an economist who won the Nobel Memorial Prize in Economic Sciences in 2006. Now, looking at 2010, forecasters feel strongly that another reduction will be seen around 28.91%, putting the numbers at negative $3.17 billion. 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. Initially, Bulgaria was a communist nation but in January of 2007, this country became a member of the European Union or EU. Even so, the country has continued to struggle due to some government corruption, issues with organized crime, and a weak judiciary. The Trading Economics Application Programming Interface (API) provides direct access to our data. Dr. Anas F. Alhajji is a Managing Partner of Energy Outlook Advisors and was previously the Chief Economist at NGP Energy Capital Management. This number was a decrease of 5.61% from 2008, which was reported at $49.90 billion. WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). September's reading was the highest inflation rate since May 1998. Click here for more information on FFC's long range forecasts or to subscribe. (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. The annual inflation rate in Bulgaria accelerated to 18.7 percent in September of 2022, from 17.7 percent in the prior month. Per Anders Aslund is a Swedish economist and a Senior Fellow at the Atlantic Council. Initially, Bulgaria was a communist nation but in January of 2007, this country became a member of the European Union or EU. 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). 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. Listed below are items related to Bulgaria. From 2003 Aslund was the director of the Russian and Eurasian Program at the Carnegie Endowment for International Peace. The FOMC the US Federal Reserve System's monetary policymaking body . In comparison to the same month of the previous year, the cost of food increased by 23.1 percent. The World Needs A New Trade Pact: Robert Zoellick et al. About According to the World Bank, the economy of Bulgaria is considered as being upper middle income. 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. | 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 %). His work mainly focuses on the economic transition from centrally planned to market economies. 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 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). All Rights Reserved. With this, the country was listed as position number 112 in world rankings. Client Log In, Facebook On a monthly basis, consumer prices rose 1.2 percent in September, the same pace as in the previous month. Housing and Utilities accounts for 17.4 percent; Transport for 9 percent; Health for 6.6 percent; Restaurants and Hotels for 5.4 percent and Recreation and Culture for 5.3 percent. Latest numbers for Bulgaria population show that more than 7.5 million people currently live in this country. 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. Compared to the Spring Forecast, the real GDP growth rate is 0.7 pps. He has worked as a consultant for international organisations such as the Inter-American Development Bank (IDB), the World Bank, the Organization of American States, and the United Nations, in addition to being a researcher at the Universidad Torcuato Di Tella. Lastly, harmonized inflation rose to 12.1% in April, from March's 10.5%. Start working with the reports used by the worlds major financial institutions, multinational enterprises & government agencies now. 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 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. Pushing forward, since 2005 Bulgaria has been able to average over 6% growth. Inflation came in at 18.7% in September, up from Augusts 17.7%. Even so, many people in Bulgaria are determined to stabilize the economy so the country can again enjoy healthy growth. 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. Meanwhile, the trend pointed up, with annual average inflation coming in at 5.0% in February (January: 4.1%). Although most government officials of this country have been 100% committed to developing some type of economic reform and have taken full responsibility for . The Trading Economics Application Programming Interface (API) provides direct access to our data. September's reading was the highest inflation rate since May 1998. The primary sectors for Bulgaria include industry although the services sector has also played a role in boosting the Gross Domestic Product growth. 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. Dr. Anas F. Alhajji is a leading expert on the energy markets, and has published over 900 papers, articles, and columns. API users can feed a custom application. Read more Bulgaria: Industrial output growth rises in August October 10, 2022 Industrial output grew 18.4% year on year in August (July: +16.1% yoy). Additionally, he is the chairman of the International Advisory Council at the Center for Social and Economic Research. On a monthly basis, consumer prices rose by 0.9 percent, slowing slightly from a 1.2 percent rise in the previous 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%. The Value of Commodities Can Go Down As Well As Up, The YPF Takeover Will Not Solve Argentinas Energy Problems: Alieto Guadagni, Fiscal Fallacies The Root of All Sovereign Debt Crises: Amar Bhid & Edmund Phelps, How to Improve Your Credit Without Using a Credit Card, High Oil Prices: Caught in a Sea of Vicious Cycles, CEOs: Wake Up and Smell the Social Media Coffee, Want to Start Blogging? The annual inflation rate in Bulgaria accelerated to 16.9 percent in June of 2022, from 15.6 percent in the prior month. The upward revision in 2022 reflects mainly the strong recovery in the first quarter of this year. LinkedIn FocusEconomics Consensus Forecast panelists project inflation to average 8.0% in 2022, which is up 2.3 percentage points from last month's forecast. lower in 2023. Bulgaria - Inflation Inflation comes in at highest level since May 1998 in September Inflation came in at 18.7% in September, up from August's 17.7%. Oct 19, 2022 The unemployment rate in Bulgaria increased by 0.3 percentage points in 2021 in comparison to the previous year. In fact, almost 14% of the population of Bulgaria lives under the poverty line. 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). 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. For 2021, an inflation rate of 3.3% was calculated. The Bulgaria inflation rate in 2008 was reported at 7.19% and for 2009, 1.638% a significantly 77.21% drop. FocusEconomics panelists project inflation to average 10.9% in 2022, which is up 3.2 percentage points from last month's forecast, and 4.7% in 2023. Bulgaria - Inflation . 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. November 7, 2022. Bulgaria - Inflation (end of period) Inflation comes in at highest level since May 1998 in September Inflation came in at 18.7% in September, up from August's 17.7%. 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. 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. Bulgaria inflation rate for 2021 was 3.30%, a 1.63% increase from 2020. Monthly, consumer prices increased by 1.2 percent, following a 1.1 percent rise in the previous month. The annual inflation rate in Bulgaria accelerated to 17.7 percent in August of 2022, from 17.3 percent in the prior month. In 1993, Guadagni was appointed an official ambassador of Brazil. Click on the button below to get started. Finally, for the Bulgaria Current Account Balance, 2008 closed at a negative $12.07 billion in US dollars. Alice went to St Andrews University to study English and Russian. During the observation period from 1986 to 2021, the average inflation rate was 56.8% per year. Current Economic Indicators; November 07, 2022: Indicator Value; S&P 500: 3806.80: U.S. GDP Growth, YoY % 1.77: U.S. Inflation Rate, % 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. Meanwhile, harmonized inflation rose to 15.6% in September, from Augusts 15.0%. Bulgaria The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. 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. Finally, harmonized inflation rose to 10.5% in March, from February's 8.4%. In 2021, Bulgaria's gross domestic product had amounted to around 80.33 billion U.S. dollars. Some 2.63 million people work in Bulgaria but the Bulgaria unemployment rate is still just over 9%. He was in charge of the firms macro-analysis of the oil, natural gas, and associated markets, as well as the general economy. Bulgaria: Inflation comes in at highest level since May 1998 in September October 18, 2022 Inflation came in at 18.7% in September, up from August's 17.7%. Current job openings: Download historical data for 20 million indicators using your browser. 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. Heres What Ive LearntPart 1. Al-Madani - Kuroda - Mirow - Moreno - Zoellick. 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. 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%. 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. When investing your capital is at risk. 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.
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