Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

EC: Inflation in Bulgaria is expected to be 3.1% in 2024

According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025. The anticipated downtrend in external prices is expected to limit inflation in both energy and non-energy industrial goods prices.

In terms of economic growth, Bulgaria's gross domestic product (GDP) is projected to increase by 1.9 % this year and by 2.9 % in 2025. Domestic demand is seen as the main driver of this growth, although private consumption is expected to remain moderate.

Wage increases are forecast to stabilise at around 10%, close to the long-term average, as inflationary pressures ease. In addition, the budget deficit is expected to reach 2.8 % this year.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

The Bulgarian National Bank has lowered the base interest rate

The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..

published on 8/1/24 11:39 AM

Low debt, Euro aspiration and EU membership are the positive factors in Moody's assessment of Bulgaria

Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..

published on 7/30/24 12:30 PM

The state will continue to provide compensation to businesses over the price of electricity

Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..

published on 7/26/24 3:13 PM