Full Year GDP Growth in Bulgaria is expected to reach 2.50 percent by the end of 2022, according to Trading Economics global macro models and analysts expectations. Growth forecast for 2023 revised down 1.7 per cent from May Gas prices in Europe averaging around 2.5 times 2021 levels Inflation in the EBRD regions reached 16.5 per cent in July In 2023, inflation is expected to settle at a level of 6.8%. Bulgaria - Producer Prices Data Economists expect these factors to have a temporary effect in 2023, inflation to fall to 3% on average for the year, and economic growth to accelerate to 4.3%, with unemployment falling to As of 2017, CPI inflation in Canada was in the bottom half of the target range - at the level of 1.4 to 1.6 percent. Inflation Rate in Bulgaria is expected to be 14.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long Lastly, harmonized inflation rose to 13.4% in May, from the previous month's 12.1%. Country Population: 6.798 million. The growth forecast for 2023 is revised down to 1.0%, with high inflation rates and geopolitical tensions continuing to hold back economic activity. We expect the rate of inflation to peak at 11% in October and then remain above 10% for a few months before starting to come down. Inflation forecast is measured in terms of the consumer price index (CPI) or harmonised index of consumer prices (HICP) for euro area countries, the euro area aggregate and the United Kingdom. , Nov 3, 2022. For 2021, an inflation rate of 3.3% was calculated. As of July 2021, the inflation rate for the United States was forecast to reach 3.41 percent in 2021, and 2.67 percent in 2022. This statistic shows the average inflation rate in Belgium from 1987 to 2021, with projections up until 2027. Surging inflation rates are expected to erode households purchasing power in 2022, negatively affecting private consumption growth especially in the second half of the year. Finally, harmonized inflation rose to 6.6% in December, from the previous month's 6.3%. The BSP announced its latest CPI forecasts last Thursday. It is an average inflation of 4.6 percent for 2022 and 3.9 percent for 2023, higher than the previous forecasts of 4.2 percent and 3.6 percent, respectively. In June, BNB projected inflation to be 3.8% at the end of 2023 and to slow to 3.1% in 2024. Meanwhile, the GDP growth forecast for 2023 at 3.8% reflects a return to a sustainable pace of long-term growth. Prices have risen rapidly in the UK over the last year. The speed of that change in the price level is called the rate of inflation . Inflation forecast. Bulgaria: Inflation comes in at highest level since July 2008 in April. The 2022 COLA count for beneficiaries under the Federal Employees Compensation Act has been finalized, with a 7.8 percent COLA to be paid with April payments in that program, following an increase of 0.3 percentage points in December in the inflation index used. This is what the European Commission predicts for Bulgaria in its summer forecast. In the context of less buoyant lending activity and adjusted inflation expectations, more moderate wage increases are forecast for 2023, leading to slower consumption growth. FocusEconomics Consensus Forecast panelists project inflation to average 13.6% in 2022, which is up 0.4 percentage points from last months forecast, and 6.1% in 2023. July's figure marked the highest inflation rate since May 1998. This statistic shows the average inflation rate in Bulgaria from 1987 to 2021, with projections up until 2027. FocusEconomics panelists project inflation to average 12.0% in 2022, which is up 1.1 percentage points from last months forecast, and 4.9% in 2023. 2022 Projected Consumer Prices (% Change): 12.4. The annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022, the lowest in 4 months, from 8.5% in July but above market forecasts of 8.1%. 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. That is well above our 2% target. As of July 2021, the inflation rate for the United States was forecast to reach 3.41 percent in 2021, and 2.67 percent in 2022. According to the forecasts, the inflation rate in Argentina was projected to amount to almost 45 percent in 2021, which was by far the highest value among the presented countries. Average annual inflation is seen at up to 4.1% in 2023 before abating to 3.4% in 2024, the central bank added. The current forecast foresees a slightly stronger growth in unemployment in Bulgaria up to 5.1% this year and 4.7% in 2023, Once again, it's the economy, stupid. In the long-term, the In April, the IMF had projected inflation to speed up to 11% in 2022, then abate to 3.3% in 2023. During the observation Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical SOFIA (Bulgaria), October 11 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday that it projects that Bulgaria's real economy will expand by 3.9% in 2022, lifting its In 2018, inflation is expected to rise by the major international agencies including IMF, UN, EC, OECD and EIU approaching to the midpoint of the target range and achieving the level of 1.9 to 2.2 percent. In June, BNB projected inflation to be 3.8% at the end of 2023 and to slow to 3.1% in 2024. The four-month average is 3.7 percent. Despite a challenging 2021 for the whole world, Baba Vanga's forecast for 2022 is full of further doom and gloom.By the end of the year, she envisages that natural disasters, a water crisis.According to baba - vanga.com, research by Professor Georgi Lozanov, formerly of the Bulgarian Institute of Suggestology, suggested her predictions were 85 percent accurate. Inflation increased to 17.3% in July from Junes 16.9%. 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. HICP inflation is Prices have risen by 10.1% compared to a year ago. Inflation Rate Forecast 2022/2023. Bulgaria's consumer prices jumped 18.7% on the year in September, according to the latest In 2023, consumer price growth is expected to slow to 5.2%. At a Glance. Bulgaria's consumer prices jumped 18.7% on the year in September, according to the latest data published by the statistical office on Monday. September's uptick marked the highest reading since April. Finally, consumer prices rose 1.23% over the previous month in September, accelerating from August's 1.17% rise. The unemployment rate in Bulgaria is forecast to increase in 2022 to 5.1% from the 4.9% set in April, although it will be marginally lower than the 5.3% recorded last year. April's result marked the highest reading since August 2007. Meanwhile, annual average inflation rose to 10.5% in July (June: 9.3%). Get in touch with us now. May 17, 2022. Consumer prices increased 2.46% in April over the previous month, after the 2.22% increase recorded in March. The economy closed 2021 on a tear, with GDP growing 6.9% in the fourth quarter. As of April, inflation stood at 4.9 percent, sharply increasing from four percent in March. The latest macroeconomic forecast for Bulgaria. In the first quarter of 2022 GDP grew by 0.8% quarter-on-quarter, with all demand components contributing to the expansion. Private consumption growth was supported by favourable labour market conditions and the sharp increase in wages in the private sector in the beginning of the year. Meanwhile, Latvia's inflation forecast has been revised upwards to 2.8% in 2021 and to 4.0% in 2022 from 2.0% and 2.9% in the June forecast respectively. The growth of the Bulgarian economy will slow down to 2.1% in 2022 and 3.1% in 2023. At the same time, it bumped up its forecast for 2023 inflation by 6 percentage points to 9.3%. Meanwhile, the trend pointed up, with annual average inflation coming in at 8.1% in May (April: 7.0%). The inflation rate for consumer prices in Bulgaria moved over the past 35 years between -1.4% and 1,058.4%. Date of Membership: September 25, 1990. In the context of less buoyant lending activity and adjusted inflation expectations, more moderate wage increases are forecast for 2023, leading to slower consumption growth. 2022 Projected Real GDP (% Change) : 3.9. 2023; Inflation Rate (%) 18.70 19: 16: 12: 9: 6.4: Inflation Rate MoM (%) 1.20 0.8-0.1-0.1-0.1: 1 In the long-term, the SOFIA (Bulgaria), October 5 (SeeNews) - Bulgaria's real economic growth will ease to 1.7% in 2023, on the spillover effects of double-digit inflation and surging energy prices, the World This is stated in the spring economic forecasts of the European Commission, released on Monday. FocusEconomics Consensus Forecast panelists project inflation to average 3.6% in 2022, Inflation measures the general evolution of prices. Forecast of inflation rate globally 2021-2023, by country.
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