Bulgaria’s National Bank Warns Wage Growth Will Drive Inflation in 2025
Inflatie
The Bulgarian National Bank ( BNB ) has warned that the strong growth in private consumption and the rise in labor costs per unit of production will have a pro-inflationary effect, leading to an uptick in inflation in the beginning of 2025. This forecast comes after a significant slowdown in inflation this year, which reached its lowest point in four years at 1.2% annually in September. The BNB anticipates that inflation will continue to decrease until the end of 2024, but it will accelerate
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