Today, the Bulgarian Socialist Party (BSP) accused the government of manipulating official statistical data on the country's current account, and hence - on the gross domestic product (GDP). The BSP's claim is that in practice one of the main components of GDP - net exports - was overstated in the 2019 data because ...
More »Infographic: Food prices rise at highest rate since 2013
Source: NSI Comment: In March, consumer price inflation continued to accelerate and reached 3.60% on an annual basis, compared to 3.22% in February, according to the latest NSI data. The most serious growth is already being reported in the prices of food products and non-alcoholic beverages, which reach 5.61%, while prices for entertainment …
More »Infographic: Food inflation reaches 5% in February
Source: NSI Comment: In February, consumer price inflation accelerated to 3.22% on an annual basis from 2.96% in January, according to the latest NSI data. The most serious growth continues to be reported in prices in the "entertainment and culture" category, although in February there was a slowdown compared to the inflation reported in the previous month ...
More »Infographic: Consumer inflation accelerates in January 2019
Source: NSI Comment: In the first month of 2019, consumer price inflation accelerated to 2.96% year-on-year from 2.67% in December, according to the most recent NSI data. Prices in the "entertainment and culture" category increased at the highest rate (8.35%), while the largest decline was recorded in transport prices …
More »GDP is a purely political instrument
Undoubtedly the most well-known and widely used indicator of macroeconomic performance is gross domestic product. Like many other historical events, it is difficult to determine who and when began measuring national income. Interest in accounting at the national level emerged in the nineteenth century and, more specifically, the rapid economic growth during …
More »How to create a good economic model?
Modern economists use a range of statistical methods, ranging from extremely complex ones to simple displays of historical data. It is generally accepted that through statistical correlation, historical data can be transformed into useful information, which in turn can serve as a basis for assessing the economy as a whole. Unfortunately, this …
More »What the Consumer Price Index (Doesn't) Tell Us
Very soon, the NSI released the inflation data for 2013, which were interpreted on the same day on BNT in the following way: "We have recorded the lowest annual inflation in 23 years. According to the National Statistics Office, this is a deflation of 1.6 percent." [1] It turns out that the data is for December...
More »
EKIP– Expert Club for Economics and Politics A Different Opinion