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IwatchBulgaria.com - News - The change in crude oil prices increases households’ expenditures by 1.3-2.5%.
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You are in Home > News > Macroeconomic developments > The change in crude oil prices increases households’ expenditures by 1.3-2.5%.
The change in crude oil prices increases households’ expenditures by 1.3-2.5%.
submited on 10.09.2005 in category Regulated markets | Macroeconomic developments
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The impact on economic growth for 2005 will be a reduction of 0.2 percentage points. The rise in crude oil prices in the last three months by about 25% will affect households’ budgets in different way according to the structure of their consumption. The effect will be stronger for those in active labor force in the big cities as well as for those intensively using automobiles; both groups earn income above the average as reported by the official statistics.
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