2024-07-31 12:30:46
Despite the decrease in producer prices in June, retailers in our country expect the goods to continue to rise in price over the next 3 months, according to the NSI survey on the economic situation in July.
According to traders, the business condition of their companies will deteriorate in the coming months because the economic environment is too uncertain, the competition in the industry is very high, and the demand for goods is decreasing. The situation is even worse according to the builders – they estimate the construction activity this summer as too low, a
their forecasts for the coming months remain reserved because no new orders are placed
At the same time, according to entrepreneurs, the economic environment remains extremely uncertain, and material prices and labor shortages limit the development of their businesses. However, builders are not about to raise prices for at least the next three months.
Sales prices in industry and services are also not yet to rise, according to surveys among managers in these areas of activity.
According to the latest data, annual inflation in our country has fallen to 2.5%
(according to data for June). This is at odds with the institutions’ latest forecasts, although they have been revised downwards recently. For example, according to the EC’s spring forecast, which was published in May, by the end of 2024, annual inflation in our country will decrease to 3.1%, and not to 3.4%, as stated in the commission’s autumn forecast. For next year, Brussels expects the consumer price index in Bulgaria to slow down even more, reaching 2.6% compared to 2.9% in the autumn forecast. However, these figures were reached in Bulgaria already in the first quarter of 2024.