Bulgarian govt expects up to 6% avg annual inflation in 2022 - fin min

Bulgarian govt expects up to 6% avg annual inflation in 2022 - fin min

Bulgaria's government expects average annual inflation of 5 to 6% in 2022, finance minister Assen Vassilev said.

"We expect a pro-inflationary environment in 2022, which has been indicated by both the European Central Bank and the US Federal Reserve. We are moving in the range of 5-6-7%, up to a maximum of 8% ", Vassilev said in a video file published on the website of public television BNT on Sunday.

Vassilev added that he does not forecast an inflation rate higher than 10%.

Last week, the National Statistical Institute said that Bulgaria's consumer prices rose by 7.8% year-on-year in December following an annual increase of 7.3% in November. The average annual inflation rate in 2021 was 3.3%, the statistical office said in its monthly inflation report.

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