Bulgaria’s National Bank Warns Wage Growth Will Drive Inflation in 2025

The Bulgarian National Bank (BNB) has warned that the strong growth in private consumption and the rise in labor costs per unit of production will have a pro-inflationary effect, leading to an uptick in inflation in the beginning of 2025. This forecast comes after a significant slowdown in inflation this year, which reached its lowest point in four years at 1.2% annually in September....