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ANNUAL INFLATION TO 4.2% IN 2012

ANNUAL INFLATION TO 4.2% IN 2012

 

Inflation in Bulgaria was 4.2% in 2012, which is second highest annual inflation since the beginning of the financial crisis, after in 2010 life was 4.5% more expensive compared to the previous year. The National Statistics Institute announced the new data today. In 2011 annual inflation was 2.8 per cent.

The rise in consumer prices during crisis shows the decline in purchasing power of households, considering their income remains unchanged.

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About the Author

Horizons is a leading recruitment company specializing in expert and middle management positions with 14 years of experience on the Bulgarian market. Our team consists of business oriented consultants with industrial specialization, professional understanding of the business trends and a pro-active approach towards recruiting and hiring through different methodologies and innovations. Horizons owns license №2118 from 27.09.2016.