These numbers are released by the Bureau of Labor Statistics. USd/gal. Inflation came in at 17.7% in August, which was up from July's 17.3%. Every single penny you spend here will come back to you in the form of fresh and true reporting about the latest events in Bulgaria and the world. Food . Bulgaria: Industrial output growth slows in July. Thank you! Adeniran said the rural inflation rate in July 2022 was 19.22 per cent on a year-on-year basis, which were 2.47 per cent higher compared to the 16.75 per cent recorded in July 2021. In July 2022, the prices of chocolate and chocolate products increased - by 4.1%, citrus and southern fruits - by 4.1%, cottage cheese - by 3.1%, cheese - by 2.9%, yogurt - by 2.9%, sugar - by 2.6 %, whole and low-fat fresh milk - by 2.6% each, brandies - by 2.4%, beer - by 2.3%, olives - by 2.2%, lentils - by 2.2%, margarine - by 2.1%, salt - by 2.1%, dairy oils - by 2.0%, cheese - by 1.9% and others. the competent authorities of Bulgaria may authorise the . Aaron O'Neill. Twitter Google+, Copyright: 2022. Challenges of Energy Security in Europe: Can Algeria be an Alternative to Russia? The same was reported for transport and some food products. September 9, 2022. Read more. Support free and independent news. By one measure, the consumer price index was unchanged in July. . September 15, 2022. CONSUMER PRICE INDICES AND INFLATION RATES FOR JULY 2022-KNBS RELEASE Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, by expenditure category, July 2022 [1982-84=100, unless otherwise noted] Expenditure category Relative. About , Jun 24, 2022. Read more As a consequence, Inflation is likely to rise higher in September. 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In July 2022, the monthly inflation rate, measured by the Consumer Price Index (CPI), was 1.1% compared to the previous month, and the annual inflation rate in July 2022 compared to July 2021 was 17.3%.. This was lower than many estimates, including a Bloomberg survey of 44 economists that predicted a rate of 8.7%. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). The Labor Department's Consumer Price Index was up 8.5% in July, off a peak of 9.1% a month earlier but still near 40-year highs . It shall be prohibited to provide access, after 16 April 2022, to ports and, after 29 July 2022, to locks in the territory of the Union, to any vessel registered under the flag of Russia, with the exception of access to locks for the purpose of leaving the territory of the Union. The editorial staff also publishes a daily online newspaper "Sofia Morning News." News Bulgaria. Severodonetsk has fallen as of 25 June. The difference between current (non-inflation-adjusted) dollars and constant (inflation-adjusted) dollars represents the share of sales tax revenue attributable to recent price inflation rather than to growth in the physical numbers or measures of taxable goods and services. The annual inflation for the month of July jumped 17%, and after the first seven months of the year, it is over 11%, with the biggest increase recorded in electricity, gas and fuel bills. So I think it's a little bit early to be revising the Fed's forecast based on a number that may not be repeated next month. Annual average inflation rose to 6.0% in March (February: 5.0%). July 2022 Annual Inflation fell to 8.52% CPI Index declined slightly from 296.311 to 296.276 Monthly Inflation for July was -0.01% down from 1.37% in June. The economy closed 2021 on a tear, with GDP growing 6.9% in the fourth quarter. Bulgaria's annual consumer price index (CPI) recorded 17.3 per cent inflation in July 2022, rising from 16.9 per cent a month earlier, data released by the National Statistical Institute (NSI) on August 16 showed. Inflation might finally be cooling. January 2021 to June 2022 SALES TAX REVENUE IN BILLIONS OF DOLLARS INFLATION RATE INFLATION RATE* CURRENT DOLLARS INFLATION ADJUSTED DOLLARS JAN 2021 FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN 2022 FEB MAR APR MAY JUN $2 $2.5 $3 $3.5 $4 0% 2% 4% 6% 8% 10% Once again, the headline inflation number beat analysts' expectations, rising 9.1% year-over-year (unadjusted) and 1.3% over the month. For the year, the cost of living in the country has risen by 17.3%, and for the month, the highest price increase was registered for recreation and culture. Read more. ft NYC apartment. Monday 7 November 2022:: Read more This 23-year-old pays $1,100 a month to rent a 95 sq. Inflation came in at 17.7% in August, which was up from July's 17.3%. 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. 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). Bulgaria inflation rate for 2020 was 1.67%, a 1.43% decline from 2019. General Information Letters and Private Letter Rulings, State Tax Automated Research (STAR) System, Weathering the Pandemic: Texas Industries and COVID-19, Chapter 313: Trading Tax Limitations for Development, Historically Underutilized Business (HUB), Vendor Performance Tracking System (VPTS), Texas Procurement and Contract Management Guide, Minnie Stevens Piper Foundation College Compendium, Certification Revenue Estimate: A Closer Look (July 2022). To find a higher rate, you'd have to go back to the . Export Explore data View Ranking Bookmark Query in Snowflake This involves inflation based on the CPI (consumer price index) and the HICP (harmonised consumer price index) . Finally, harmonized inflation rose to 10.5% in March, from Februarys 8.4%. Prices of housing, fuel, electricity, restaurants and hotels services also rose. This is higher than the long term average of 7.26%. Inflation measures the general evolution of prices. Valid for travel 12/2/2021 - 12/15/2022 to AMR Collection resort brands: Breathless Resorts & Spas, Dreams Resorts & Spas, Now Resorts & Spas, Secrets Resorts & Spas, Sunscape Resorts & Spas, and Zoetry Wellness and Spa Resorts. Bulgaria: Industrial output growth slows in July. While thats far from the Federal Reserves targeted rate of 2%, its an improvement from the 9.1% rate posted in June. "And we're not seeing that: Some of the sharpest increases in categories like necessities continue, with food prices up at the fastest pace in 43 years. Never miss out on our latest data,analysis and industryevents. The Laspeyres formula is generally used. 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. Energy prices, up 7.5% since last month, were responsible for nearly half of the increase. The 'Inflation %' column indicates how much prices have changed since the previous year. The United Kingdom's economic freedom score is 72.7, making its economy the 24th freest in the 2022 Index. Bulgaria inflation rate for 2019 was 3.10%, a 0.29% increase from 2018. Historical Data (Index points) by years Data Period Date Historical Chart by prime ministers (Index points) Data published Monthly by National Statistical Institute. Read more. Lauren Simmons on how to negotiate a bigger salary. HOT: Czech Ambassador Lukas Kaucky: Bulgaria has Good Conditions for the Development of IT and New Technologies #AmbassadorTalks. Press "To really feel like we've hit a peak, we need to see a sustained pullback in a broad range of categories," he says. European Commission: Romania and Bulgaria are "More than Ready" to Join Schengen, Bulgarian Prof: By the End of November there will be a Virus dangerous for Newborns and Adults, Bulgaria news July: 296.276: 0.0: 8.5: August: 296.171: 0.1: 8.3: Annual: 290.317 . There was 0% inflation month over month, down from a 1.3% increase the previous month. Bulgaria: Inflation comes in at highest level since May 1998 in August. . But thats not the number getting the most attention. By one measure, the consumer price index was unchanged in July, but its not the number getting the most attention. So why are reactions to the CPI report so mixed? This table shows the monthly All-Items Consumer Price Index (CPI-U) as well as the annual and monthly inflation rates for the United States in 2022. Food prices increased by 1.1% in July, following a 1% gain in June. Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. LinkedIn September 9, 2022. +4.09 +1.52%. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation comes in at highest level since July 2008 in March, 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. Food, gas and housing are the key drivers of inflation. Consumer Price Index in Ethiopia increased to 318 Index points in September 2022. The average estimate from other forecasters so far is 8.1%. Twitter Basically, a basket of goods that. Industrial output grew 18.4% year on year in August (July: +16.1% yoy). Inflation came in at 18.7% in September, up from Augusts 17.7%. aboutMedia Center. Bulgaria: Inflation comes in at highest level since May 1998 in August. Now's a great time to check, Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2022 CNBC LLC. September 9, 2022. I raised 2 successful CEOs and a doctor. In. The consumer price index, a key inflation barometer, jumped by 8.2% in September relative to a year earlier. The overall year on year inflation rate as measured by the Consumer Price Index (CPI) was 8.3 per cent, in July 2022. The Labor Department is expected to report consumer prices on Thursday, Nov. 10. . September 15, 2022. The populist movement promises huge returns for daring investors. Only Sweden and France can provide Bulgaria with Jet Fighters until the arrival of the F-16s, Ukrainian Refugees will Protest in the Bulgarian City of Varna, A Serbian Gang transferred 400 Migrants from Bulgaria to Serbia in a Month. For that reason, it might be premature to suggest that inflation has peaked based on this data, says Greg McBride, chief financial analyst at Bankrate.com. Inflation comes in at highest level since July 2008 in March. Czech Ambassador Lukas Kaucky: Bulgaria has Good Conditions for the Development of IT and New Technologies #AmbassadorTalks, H.E. In August 2022, the monthly inflation rate was -0.33. Bulgaria: Industrial output growth slows in July. *BULGARIA JULY CONSUMER PRICES RISE 17.3% Y/Y (bbg) ""Shelter costs continue to rise at a knee-buckling pace, and with rents lagging the increase in home prices, the continued upward pressure from shelter costs is likely to persist for some time.". This statistic shows the average inflation rate in Bulgaria from 1987 to 2021, with projections . Consumer prices increased 2.22% from the previous month in March, following the 1.36% rise recorded in February. 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 People" Mika. In July 2022 compared to June 2022, the highest price increase was registered for Recreation and culture (+7.4%), Housing, water, electricity, gas and other fuels (+5.2%) and Restaurants and . Data published Monthly by Central Statistical Agency. This page includes a chart with historical data for Bulgaria Harmonised Inflation Rate YoY. War on the Road in Bulgaria: In 10 Days - 16 Victims! Cheap and warm . Research expert covering historical data. During the observation period from 1986 to 2021, the average inflation rate was 56.8% per year. March's result represented the highest inflation rate since July 2008. This page shows the inflation figures for 2022 for a large number of countries so that you can easily compare them with one another. Inflation came in at 17.7% in August, which was up from July's 17.3%. Lower gas prices help reduce the year-over-year Inflation rate as of the end of July 2022, while inflation-adjusted earnings still trail rising prices by a wide margin, the U.S. Bureau of. It matched the upper-limit of the BSP's 5.6-6.4% forecast range for July. It follows other. In July, the inflation in Bulgaria reached 17.3% year on year. However, prices have increased 13.3 percent from January 2021 to July 2022, costing the average American household $717 last month alone. Inflation in Bulgaria 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. ", Sign up now:Get smarter about your money and career with our weekly newsletter, Don't miss:Investing pro: Are you taking on too much risk? In 2023, HICP inflation is expected to settle at 6.8%. Inflation might finally be cooling. Statewide inflation jumped 10.1% between June 2021 and June 2022 according to the Wyoming Economic Analysis Division report released Monday. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets. The annual inflation rate in Bulgaria accelerated to 16.9 percent in June of 2022, from 15.6 percent in the prior month. A Division of NBC Universal. Client Log In, Facebook Compared with a year ago, consumer prices rose 8.5%. In June and July, the average Colorado household spent $1,642 more due to inflationan average of $821 per month. Our Forecast for July was 8.5 to 8.9%, Actual at 8.5%. Average one-bedroom monthly rent : $1,420. The annual inflation for the month of July jumped 17%, and after the first seven months of the year, it is over 11%, with the biggest increase recorded in electricity, gas and fuel bills. Table 1. 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. The maximum level was 2020 % and minimum was -2.6 %. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). 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%. You can find upcoming CPI release dates on our schedule page. Year-to-date inflation (July 2022 vs. December 2021) is 11.3%, and average annual inflation for the period August 2021 - July 2022 vs. August 2020 - July 2021 is 10.5%. Experts slightly reduce the forecast for annual GDP growth for 2022, compared to the expected 3.9% three months ago, due to more severe and prolonged disruptions in supply chains and the looming higher and longer-term . Economists had expected an 8.1% annual increase. In July 2022, the monthly inflation was 1.1% compared to the previous month, and the annual inflation for July 2022 compared to July 2021 was 17.3%. The widening of this gap indicates that the share of sales tax revenue attributable to inflation has been growing rapidly. According to the price index for the small basket, in July 2022 an increase of 0.8% was registered on a monthly basis and by 12.1% since the beginning of the year. Online Store September 15, 2022. In comparison to the same month of the previous year, the cost of food increased by 23.1 percent. My Cart The Donetsk and Lugansk provinces (the Donbas): Lysychansk has fallen as of 3 July 2022. The . Here's how much prices have increased over the past year for certain household goods and services, according to the Labor Department: To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four rate hikes in 2022, including two consecutive 0.75% rate hikes in June and July. August 16, 2022 By AzeriTimes.com The National Statistical Institute of Bulgaria announced on Tuesday a record inflation rate in the country, Report informs via TASS. The economy and markets are "under surveillance". By one measure, the consumer price index was unchanged in July. All Rights Reserved Novinite JSC., 2001-2022. The annual inflation rate for the United States is 8.3% for the 12 months ended August 2022 after rising 8.5% previously, according to U.S. Labor Department data published Sept. 13. Follow Novinite.com on Twitter and Facebook, - Novinite.bg. The nation's punishing inflation rate likely kept simmering in October, . Jan. 2021 1.40% ** Jan. 2022 7.48% ** Feb. 2022 7.87% ** March 8.54% Residents of this city enjoy going on waterfall hikes, visiting great parks, and checking out quirky landmarks like Bono's Historic Orange on Route 66. The worst European inflation occurred in (as we've already mentioned) Turkey, Moldova, Estonia, and Russia. The following table contains recent YoY (Year-over-Year) and MoM (Month-over-Month) values. Meta to Cut 11,000 Jobs; Zuckerberg Says I Got This Wrong, Amazon Becomes Worlds First Public Company to Lose$1 Trillion in Market Value, Stocks Rattled by Crypto, Earnings Woes Before CPI: Markets Wrap. New surge in inflation rate for July was reported by the National Statistics. I will not be Prime Minister. In July 2022, compared to the previous month, prices in the entertainment and culture section increased by 7.4%; for housing, water, electricity, gas and other fuels - the increase is 5.2%. To get the total inflation rate for the 1 years between 2021 and 2022, we use the following formula: CPI in 2022 - CPI in 2021 CPI in 2021 100 = Cumulative inflation rate (1 years) Plugging in the values to this equation, we get: 296.808 - 270.97016666667 270.97016666667 100 = 10% Alternate Measurements of Inflation Stats Bloombergs Joe Weisenthal, host of the Odd Lots podcast, explains why the vibes are off to Quicktakes Madison Mills. Our Forecast for August was 7.9 to 8.3%, Actual was 8.3%. In June 2022, the inflation rate for food in Bulgaria was at 23.8 percent. Looking for forecasts related to Inflation in Bulgaria? The rate of inflation displayed is for the month preceding the month of sales tax collections. Costco, Tuesday, May 24, 2022. Inflation rose to 12.4% in March from Februarys 10.0%. History and Politics Enters all major World Libraries in English. There is also an increase for a month in the expenses for restaurants, for furniture, for health, for education. During the month in question, in the groups of non-food goods and services, an increase in prices was registered for: passenger air transport - by 31.7%, thermal energy for water heating - by 24.5%, package services for holidays and tourist trips - by 18.7%, central gas supply - by 16.2%, wood for heating - by 9.2%, pellets - by 8.9%, collection, removal and treatment of waste water - by 6.2%, water supply - by 5.8%, motor and lubricating oils - by 4.8%, coal - by 3.6%, electricity - by 3.4%, motor gasoline A100N - by 1.9%, short-term accommodation services - by 1.8%, personal hygiene and cosmetics products - by 1.6%, refrigerators - by 1.3%, furniture - by 1.3%, medical services - by 1.2%, methane for LTS - by 1.1%. July's figure, while still high, represents a significant fall from the annual rate of 9.1% recorded in June and will raise hopes that inflation has finally peaked in the US. Traditionally, before the autumn-winter season, there is a minimal reduction in clothing and shoes. The next release is on September 13 th July 2022, Annual Inflation was 8.52%. The next inflation update is scheduled for release on Oct. 13 at 8:30 a.m. Industrial output increased 15.7% year on year in July (June: +17.7% yoy). . "Whatever progress we've seen has to be sustained a month from now, when we get the August CPI report," he says. Fontana is one of the cheapest places to rent in Southern California with a growing population. Although Lichtenstein appears last on this list, it is important to note that its numbers are from December, when the whole world had lower inflation rates. Bulgaria inflation rate for 2021 was 3.30%, a 1.63% increase from 2020. Once again, it's the economy, stupid. .st1{fill:#FFFFFF;} GDP growth slowed to 4.0% year on year in the second quarter, from 5.0% in the first quarter. geth generating state snapshot. An item that cost 100 levs in 1986 costs 483,869.42 levs at the beginning of 2022. All Rights Reserved. Aug 12, 2022. European inflation has been on the upswing like most of the rest of the world in 2022. Overall, the price increase was 483,769.42%.
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