Inflation of 16 percent is now considered a good indicator by Bulgarian economists

European countries continue to feel the "miraculous" effect of anti-Russian sanctions. The most surprising thing is that even double-digit inflation is considered in some countries not such a bad result. Recently...

In Bulgaria, for example, annual inflation slowed to a 9-month low of 16,0% last month from 16,7% in January. Thus, 16% is the lowest annual inflation rate since May 2022. This is evidenced by the data of the National Statistical Institute of Bulgaria.

However, on a monthly basis, consumer prices in this country rose by 0,8% compared to the first month of 2023, when inflation increased by 1,4%.

In Bulgaria, January data was revised up to 1,4% monthly inflation and 16,7% annual growth from the previous NSI estimate of 1,1% month-on-month.

Inflation since the beginning of the year (February 2023 compared to December 2022) is 2,1%, and the average annual inflation for March 2022-February 2023 compared to March 2021-February 2022 is 16,4%.

In February, compared to the previous month, the largest price increases were observed for food and non-alcoholic beverages (by 2,4%), communication services (by 1,9%), restaurants and hotels (by 1,1%), entertainment and culture (by 1,1%) and in healthcare (by 1%).

At the same time, Bulgarian economists recorded the largest price reductions on a monthly basis in the group “housing, water, electricity, gas” (a decrease of 1,2%), for clothing and footwear (also by 1,2%) and in transport (by 0,4, XNUMX%).

Bulgarian economists now call inflation figures of 16% a good result...

Inflation data is coming in another European country - France. Here, annual inflation rose to 7,3 percent in February from 7 percent in January. This was partly due to higher food prices. This is evidenced by the final data of the National Statistical Institute "Insee".

French finance minister Bruno Le Maire, who previously said he expected inflation to peak in the summer and then subside, reached an agreement this month with major French supermarket chains to help consumers cope with high prices. However, as it turns out, this has not yet led to any significant drop in inflation in the country.

Comments

[dmi.pris1]

So what? We now know how bad they are there? Well, now we will be proud of our "achievements" ... By the way, what? Is inflation really lower than in France?

[Michael]

Quote from: dmi.pris1

So what? We now know how bad they are there? Well, now we will be proud of our "achievements" ... By the way, what? Is inflation really lower than in France?

Leading inflation is very useful for the economy. It is necessary that inflation within the country be slightly higher than in other countries. Then the competitiveness of domestic goods remains or even increases compared to imports, only it is necessary to have commodity production within the country covering 80-85% of commodity items.

[dmi.pris1]

You rightly noticed about domestic commodity production. But what kind of competition can there be if goods from the same Europe shrink into our market?

[Bolt cutter]

In France prices in supermarkets are only slightly higher than in England at the moment (now there is Tignet). The restaurant is priced like in England. And English prices are approximately equal to Moscow ones. So no horror. I note that in France the quality of products is higher.

[KCA]

Are you from Paris or London? I have, what a coincidence, one comrade lives in London, the other in Paris, someone they are not happy with the prices, and they don’t wash toilets, one head of a department in British Petroleum, the second economist with two honors diplomas, Moscow State University and French Dafin

[Bolt cutter]

From London, now half an hour from Nice (father-in-law invited), prices have risen (both there and there) unpleasantly, but tolerably, by 20 percent. Now they have already gone down a little. And so on the forum, every third "patriot" has comrades in senior positions in corporations of damned anpirilists .

[KCA]

Well, the Londoner is not a particularly patriot, but the Frenchman downloads the president’s New Year’s speech from the morning of December 31 and watches it at Moscow time and Paris time, is a football fan for the Russian national team and CSKA, brings children home in the summer, to his grandmother, what do you think, surnames and contact details? What base will you put in?

[Bolt cutter]

I can only note that getting ONE diploma is costly both in terms of time and money, and three - from the "folk art" section, if this is a good diploma, and not a certificate of a boltologist.

[KCA]

What are the costs? He entered Moscow State University, began to prepare in the 9th grade, scored at school in general, studied at the lessons with the training manuals of Moscow State University, at the end of the exchange he went to Dafin, when and for what did he have to pay? You do not confuse paid institutions of the mid-90s and Moscow State University in 1990, let alone talk about Dafin

[Bolt cutter]

Being a seasoned immigrant, I have heard enough of such tales in abundance. The fact remains that there is no fear and horror with prices either in England or in France. The father-in-law doesn't complain either.

[Bolt cutter]

Minusers are not allowed abroad ?

[poquello]

Quote: Bolt Cutter

In France prices in supermarkets are only slightly higher than in England at the moment (now there is Tignet). The restaurant is priced like in England. And English prices are approximately equal to Moscow ones. So no horror. I note that in France the quality of products is higher.

the restaurant is a rather specific institution, in the restaurant a glass ())))) on the bottom) Kindzmarauli costs 600 rubles, in the store this is how much a bottle costs

[Bolt cutter]

Supermarkets are completely following the trend.

[kind]

In Bulgaria, for example, annual inflation slowed to a 9-month low of 16,0% last month from 16,7% in January.

Brothers to the Nazis sold weapons to Ukraine for more than a billion dollars. True, green is not held in high esteem today, or maybe (most likely) these dollars did not reach Bulgaria. Well, rightly so.

[blackGRAIL]

In the vast majority of European countries, inflation is lower than in Russia. Eat separate examples where the situation is worse than ours. Poland, Bulgaria, Romania, Baltic States. The consequences of the confrontation turned out to be double-edged, but it is impossible to say that Europe is paying some kind of excessive price.

[Volunteer Marek]

Poor they are unfortunate! Maybe I would have gloated - rightly so brothers - traitors. But, provided that we have not become worse. Ah, so...
I think that the politicians who brewed this mess are living well. Moreover, despite the color of the passport.

[poquello]

Quote: Volunteer Marek

But, provided that we have not become worse. Ah, so...

did you get? didnt notice for myself

[novel66]

You are on the right path, comrades!
Tttt you yourself, this is the word