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RECENT NEWS
The Average Salary in March 2013
Date: 13-May-2013
During the first quarter of 2013 the average salary has decreased by 3.1% to 778 BGN as compared to the fourth quarter of 2012, according to preliminary NSI data.
Inflation and consumer price indices in March 2013
Date: 15-April-2013
The consumer price index in March 2013 compared to February 2013 was 99.5%, i.e. the monthly inflation was -0.5%.
Quarterly Labour Cost Index, Fourth Quarter of 2012
Date: 15-April-2013
Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.
Quarterly Labour Cost Index, Third Quarter of 2011
Date: 20-January-2012
Preliminary data of NSI for the Third Quarter of 2011 indicated that the total hourly labour cost rose by 7.2% compared to the Third Quarter of 2010.
Inflation expected to reach 3.7% by the end of the year
Date: 13-June-2007

After the negative inflation levels registered in March, the data in April shows 0.5% inflation. Hence, the total inflation level for the first four months of 2007 amounts up to 2.3%. On annual bases, the inflation in April is 4.2%.

Despite that, the expectations of the management of the Bulgarian National Bank (BNB) are for a decrease in the annual inflation, reaching levels of 3.7%. In comparison, the increase in the index of consumer prices in 2006 was 6.6%.

According to the convergence programme for Bulgaria, its inflation is expected to reach 3%, by the end of next year, and 2.9% by the end of 2009. Having that complete, the country will overcome one of the obstacles towards its road to joining the European Monetary Union, and the introduction of the common European currency.

In order for the country to fully fulfil the inflation criteria, Bulgaria has to reach annual inflation levels no more than 1.5 percentage points higher than the 3 best-performing member states of the EU (based on inflation).
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