site.bta Inflation Likely To Reach 18% By End-Year, Possible Short Recession

Inflation in Bulgaria is likely to peak at the end of the year when it will hit 18% and average inflation will be above 15%, Kristofor Pavlov, UniCredit Bulbank Chief Economist said here on Thursday. He spoke at the opening of the first 2022 Annual Construction and Investment Conference,  organized by Manager magazine. Inflation in Bulgaria in August was 1.2% month-on-month, adding up to an annual inflation of 17.7%.