Inflation in Bulgaria to Reach 2.8% in 2012

Inflation in Bulgaria to Reach 2.8% in 2012

In 2012, Bulgaria's inflation rate is expected to grow to 2.9%, owing mostly to an expected increase in the consumption and export rates. This is provided in the draft budget for next year, discussed by the Council of Ministers yesterday.

Inflation rate is expected to reach 2.8% by the end of 2011.

The expected GDP for 2012 is 81.6 billion levs, while the budget deficit is expected to shrink to 1.092 billion levs, which is 1.35% of the country's GDP, Finance Minister Simeon Djankov said./Source: Standart Daily/

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