bulgaria inflation june 2022

This extended series is an official statistic rather than a National Statistic, reflecting the historical uncertainty around the back casts. Challenges of Energy Security in Europe: Can Algeria be an Alternative to Russia? On 26 May 2022, the UK government announced a Cost of Living Support package. The inclusion of Council Tax and rates in CPIH is the only further difference in coverage. Over the past two years, the annual rate has risen from minus 1.5% in June 2020 (during the first coronavirus (COVID-19) lockdown) to the latest figure for June 2022. Within transport, the main upward effect of 0.29 percentage points came from motor fuels, partially offset by a downward contribution of 0.13 percentage points from second-hand cars. Source: Office for National Statistics Consumer price inflation, Eurostat Harmonised Index of Consumer Prices (HICP) Individual contributions may not sum to the total because of rounding. CPIH is the most comprehensive measure of inflation. Billing Retirement Accounts to Maximize After-Tax Net Worth, How to Calculate Taxable Social Security (2021 Line 6b), Happiness Is The Result Of A Life Lived With Purpose. Download this chart Figure 9: Transport made the largest upward contribution to the change in the CPI annual inflation rate Our Users and uses of consumer price inflation statistics methodology includes information on the users and uses of these statistics, and the characteristics of the different measures of inflation in relation to potential use. Although the size of the contributions differ from CPIH, the main drivers to change are the same where they are common to both measures. In May, this was 105 percent. On a monthly basis, CPI rose by 0.8% in June 2022, compared with a rise of 0.5% in June 2021. SOFIA (Bulgaria), January 24 (SeeNews) - Bulgaria's government expects average annual inflation of 5 to 6% in 2022, finance minister Assen Vassilev said. Interest Rate in the United States averaged 5.42 percent from 1971 until 2022, reaching an all time high of 20.00 percent in March of 1980 and a record low of 0.25 percent in December of 2008. .xls. Bulgaria is a leader in terms of the tax system in the EU and this is one of our main competitive advantages, but the coronavirus pandemic and the military conflict in Ukraine create uncertainty among investors. The latest inflation was reportedly the highest since May 1998, when it was 18.8 percent. This was followed by a 23.8 percent rise in prices of food and non-alcoholic beverages. Inflation Rate in the United States averaged 3.28 percent from 1914 until 2022, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. Contributions to change in the CPI 12-month inflation rate, UK, between May and June 2022 It was the highest reading since November 2018, bringing inflation above the upper limit of the central banks 5-9% target range for the seventh straight month amid surging global commodity prices and devaluation of the Click to subscribe to our free, weekly email. Read more about us. Consumer price inflation detailed briefing note Dataset | Released 20 July 2022 The consumer price inflation detailed briefing note contains details of the items contributing to the changes in the CPIH (and RPI), details of any notable movements, a summary of the reconciliation of CPIH and RPI, and the outlook, which looks ahead to next month's release. The annual rate was below 1.2% from April 2020, at the start of the first coronavirus (COVID-19) lockdown, to March 2021. Food was 11.2 percent more expensive than one year previously. Unfortunately this year, inflation doesnt even sounds small. Figure 8 shows the annual inflation rates for the CPI all goods and all services series, together with CPI excluding energy, food, alcohol and tobacco (often referred to as core CPI). 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. A 150 non-repayable Council Tax Rebate payment for all households that are liable for Council Tax in Bands A-D in England. It has a volatility of its own and is not something that any of us can just wish away. This is the highest rate since before the start of the constructed historical series in January 1989. Additional upward pressure came from housing & "We expect a pro-inflationary environment in 2022, which has been indicated by both the European Central Bank and the US Federal Reserve. Producer price inflation, UK Bulletin | Released 20 July 2022 Changes in the prices of goods bought and sold by UK manufacturers including price indices of materials and fuels purchased (input prices) and factory gate prices (output prices). Source: Office for National Statistics Consumer price inflation Meanwhile, costs ticked higher for natural gas (33.1% vs 33%). It was the lowest reading since March of 2021, amid a further slowdown in gasoline costs (18.2% from 25.6% in August) and electricity (15.5% vs 15.8%). Conversely, cost rose faster in housing and utilities (13.5% vs 12.2%), restaurant and hotels (16.8% vs 15.7%), and We've developed a suite of premium Outlook features for people with advanced email and calendar needs. Source: Office for National Statistics Consumer price inflation In order to address inflation, 63% of executives plan to make compensation adjustments in response to high inflation, according to a survey by Gartner, Inc. that was conducted in n March of 2022. Image In June 2022, the contribution of housing and household services in total to the annual CPIH inflation rate was 2.82 percentage points, a rise of 0.03 percentage points from May. Food has become more expensive every month since October 2021. The contribution of lower-level spending categories to the annual rate depends on both the price movement in those categories as well as their weight. Individual contributions may not sum to the total because of rounding. .csv The Wendy's reported on Wednesday that profit for the third quarter increased 23 percent from last year, driven by higher operating profit and double-digit revenue growth. The annual inflation rate in Japan rose to 2.6% in July 2022 from 2.4% in June. 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 War in Ukraine leading to higher inflation, tighter financial conditions. For an overview of the indices and their uses, please see the Consumer price indices, a brief guide: 2017 article. War in Ukraine leading to higher inflation, tighter financial conditions. Bonds with longer terms are the most vulnerable to losses from rising interest rates. SOFIA (Bulgaria), October 17 (SeeNews) - Bulgaria's real economic growth will ease to just 0.1% in 2023, the country's central bank said, slashing its already-lowered June forecast of 1.7% growth in gross domestic product (GDP) next year. Conversely, cost rose faster in housing and utilities (13.5% vs 12.2%), restaurant and hotels (16.8% vs 15.7%), and The largest upward effect came from milk, cheese and eggs, where prices of milk and cheese rose between May and June 2022, compared with price falls a year ago. Unfortunately this year, inflation doesnt even sounds small. Splits, Earnings Surprisingly, 41.76% of all the money we have ever printed has been printed since 2020, and we may not have felt the full effect of that yet. June 6, 2022. It is the highest reading since February last year, led by losses in technology companies (9,587), services (4,157) and warehousing (2,602). Inflation Rate in Ethiopia averaged 17.88 percent from 2006 until 2022, reaching an all time high of 64.20 percent in July of 2008 and a record low of -4.10 percent in September of 2009. In 2021, there were reports of increased demand, combined with reports of restricted supply. This page provides - South Africa Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2021Jun111.42.40.4111.32.50.5109.61.6 Download this chart Figure 6: Contributions from housing and household services, and transport, account for more than half of the CPIH annual rate Inflation Rate in South Africa averaged 8.73 percent from 1968 until 2022, reaching an all time high of 20.70 percent in January of 1986 and a record low of 0.20 percent in January of 2004. Our Coronavirus and the effects on UK prices article, describes the approach taken for imputing price movements for items that were unavailable for consumers to purchase. Food inflation in Nigeria quickened for the seventh straight month to 23.34% in September of 2022 from 23.12% in the previous month. On a monthly basis, CPIH rose by 0.7% in June 2022, compared with a rise of 0.4% in June 2021. We are beginning to see more job cut activity in the fourth quarter, historically when the bulk of cuts occur, as This monthly rise was the largest between May and June since 2008, and it follows similar monthly rises into April and May 2022. In July 2022 compared to June 2022, the highest price increase was registered for Recreation and culture (+7.4%), Housing, water, electricity, gas and Welcome to Bulgaria Today on June 22. The CPI all services index rose by 5.2% in the 12 months to June 2022, up from 4.9% in May. By VESELIN TOSHKOV September 29, 2022. The main contributors to the June 2022 rate are shown in Figure 10 in Section 5. If you are not anticipating withdrawing from any of your investment accounts over the next 7 years, then you do not need a bond allocation. Image Individual contributions may not sum to the total because of rounding. Average petrol prices rose by 18.1 pence per litre in June 2022, the largest monthly rise on record (since 1990). Please enable JavaScript on your browser and try again. .csv The approach for resuming in-store collections was consistent with Eurostat advice, published in their Guidance note on HICP issues emerging from the lifting of lockdown measures (PDF, 388KB). The Consumer Price Index in Zimbabwe increased 3.20 percent in October of 2022 over the previous month. Adjusted earnings per share topped analysts' estimates by a penny, while quarterly revenues missed their estimates. Since 1996, CBS has published two different inflation rates: one based on the Consumer Price Index (CPI) and one based on the Harmonised Index of Consumer Prices (HICP). Food prices rose further in June. Eurostat's overview of Harmonised Index of Consumer Prices (HICP). Find latest news from every corner of the globe at Reuters.com, your online source for breaking international news coverage. A Microsoft 365 subscription offers an ad-free interface, custom domains, enhanced security options, the full desktop version of Office, and 1 TB of cloud storage. To understand what has changed the inflation rate between these months, we can look at the differences between the contributions made by the groups to the rate in May 2022, and the rate in June 2022. Surprisingly, 41.76% of all the money we have ever printed has been printed since 2020, and we may not have felt the full effect of that yet. This was the highest year-on-year increase in consumer prices since July 2008, when it was 14.5 per cent, with the sharp increase recorded in the past year showing no sign of abating. Figure 3: Prices of clothing and footwear normally fall between May and June, but not in 2021 nor 2022 Inflation and the cost of living for UK households, overview: June 2022 Article | Released 22 June 2022 A synthesis article collating and updating analyses of different price measures. It was the highest reading since September of 2005, even after a recent 150 bps rate hike by the central bank, largely due to a weaker currency that raised the costs of imported products. More information on the contents of each group can be found in Table 3 in the accompanying Consumer price inflation dataset. Prices slowed down mostly for transport (24.2 percent vs 27.8 percent in August); restaurants & hotels (18.1 percent vs 18.4 percent) and recreation & culture (15.8 percent vs 16.9 percent). More information is provided in our Coronavirus (COVID-19) and Consumer Price Inflation weights and prices: 2021 article. The CPI is the inflation measure used in the government's target for inflation. Feeds, Digital Signage Compared to March 2021, food prices were 16.9 per cent higher, while non-food and services prices rose by 12.4 per cent and 6.9 per cent, respectively. In order to facilitate comparison between countries, EU member states calculate a consumer price index according to internationally agreed definitions and methods. This makes CPIH our most comprehensive measure of inflation and, therefore, the figures in Section 3 and overall commentary in Section 4 in this bulletin focus on CPIH. In June 2022, prices were no longer estimated in connection with COVID-19, but estimates made in the same month last year still affect this month's inflation. Stated in the reverse, inflation is the rate at which the purchasing power of currency is falling. Bulgaria's consumer price inflation continued to rise in June to remain at its highest level in just over twenty-four years, data from the National Statistical Institute showed on Friday. The consumer price indices are normally based on prices collected from outlets around the country, supplemented by information collected centrally over the internet and by phone. The Consumer Prices Index (CPI) differs from the CPIH in that it does not include owner occupiers' housing costs (OOH) and Council Tax. Inflation Rate MoM in Zimbabwe averaged 3.57 percent from 2009 until 2022, reaching an all time high of 39.26 percent in June of 2019 and a record low of -3 percent in February of 2009. Figure 6: Contributions from housing and household services, and transport, account for more than half of the CPIH annual rate Inflation Rate in Venezuela averaged 3693.97 percent from 1973 until 2022, reaching an all time high of 344509.50 percent in February of 2019 and a record low of 3.22 percent in February of 1973. Figure 9: Transport made the largest upward contribution to the change in the CPI annual inflation rate This was the 11th straight month of increase in consumer prices and the fastest pace since April 2014, amid surging fuel and food cost following Russia's invasion of Ukraine as well as a sharply weakening yen. All content is available under the Open Government Licence v3.0, except where otherwise stated, /economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022, Table 1: CPIH, OOH component and CPI index values, and 12-month and 1-month rates, Figure 1: Annual CPIH inflation rate highest since March 1991, Figure 2: Motor fuels inflation rate has risen sharply over the last two years, Figure 3: Prices of clothing and footwear normally fall between May and June, but not in 2021 nor 2022, Figure 4: CPIH goods inflation rose to 12.7% in June 2022, Figure 5: Transport made the largest upward contribution to the change in the CPIH annual inflation rate, Figure 6: Contributions from housing and household services, and transport, account for more than half of the CPIH annual rate, Figure 7: Overall contribution from housing components to the CPIH 12-month rate in June 2022 highest since start of National Statistic series in January 2006, Figure 8: CPI goods inflation has risen sharply over the last two years, Figure 9: Transport made the largest upward contribution to the change in the CPI annual inflation rate, Figure 10: Contributions from housing and household services, and transport, account for around half of the CPI annual rate, Figure 11: G7 countries have seen similar increases in consumer prices over the last two years, modelled consumer price inflation estimates, Measuring changing prices and costs for consumers and households, proposed updates: March 2020 article, Comparing US and European inflation: the CPI and the HICP, Consumer price inflation detailed briefing note, Consumer price indices, a brief guide: 2017 article, data time series section of the inflation and price indices area of our website, the UK Statistics Authority response to the consultation, Consumer price inflation, historical estimates, UK, 1950 to 1988 - methodology, Consumer Prices Index including owner occupiers' housing costs (CPIH) historical series: 1988 to 2004 article, Coronavirus (COVID-19) and Consumer Price Inflation weights and prices: 2021 article, international guidance on the compilation of HICP weights in case of large changes in consumer expenditures (PDF, 135KB), Consumer trends, UK: July to September 2021 bulletin, Consumer price inflation, updating weights: 2022 article, sample versions of a selection of consumer price inflation tables, Government Statistical Service (GSS) guidance on releasing statistics in spreadsheets, Consumer price statistics: resuming a field-based price collection methodology, Guidance note on HICP issues emerging from the lifting of lockdown measures (PDF, 388KB), Coronavirus and the effects on UK prices article, Consumer price indices, a brief guide article, Users and uses of consumer price inflation statistics methodology, future approach to measuring changing prices and costs faced by consumers and households, Shortcomings of the RPI as a measure of inflation article, Index of Private Housing Rental Prices, UK, Consumer price inflation item indices and price quotes, Inflation and the cost of living for UK households, overview: June 2022. The rate has also risen over the last year but less sharply than for goods. #TBT How Does The Fed Control Interest Rates In A Free Market? It was the softest inflation rate since June of 2021, as prices slowed for food and non-alcoholic beverages (15.8% vs 16.4%), and transport (11.6% vs 14.1%). CPIH excluding energy, food, alcohol and tobacco rose by 5.2% in the 12 months to June 2022, unchanged from May. Further information is available in Eurostat's overview of Harmonised Index of Consumer Prices (HICP). Image This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Figures came higher than market forecasts of 10.2%, preliminary estimates showed. Summing the contributions to change across the 12 divisions results in the change to the annual CPIH rate between the latest two months, that is, the rise from 7.9% to 8.2%. Economic growth in 2022 will remain at last year's levels amid growing fears of inflation. The increase in the annual rate for transport between May and June 2022 was also caused by the changing price of motor fuels. More information on the contents of each group can be found in Table 3 in the accompanying Consumer price inflation dataset. I will not be Prime Minister. The largest contributions to the annual rate in June 2022 are from housing and household services, and transport. Most images have been changed, at a minimum they have been cropped and resized to fit our theme. Expand your Outlook. This resulted in lower inflation. Oct 17, 2022 11:35 EEST Photo by Dennis Jarvis. Please support independent journalism by clicking on the orange button below. Approvals, Mental The Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May. Additionally, the supplementary and lower-level indices of the RPI will be discontinued. 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