Inflation rate Sample Clauses

Inflation rate. In 2012, the inflation remained relatively low, with average annual rate, as measured by the HIPC, at 2.4%. The inflation in 2013 will remain relatively low due to the expected favourable situation at the international markets for raw material and the decrease in the administrative prices for natural gas, electricity and central heating, but it is expected to accelerate to 2.6-2.7% over the period 2014-2016. The main risks to the inflation forecast are related to the dynamics of international prices and the rate of economic growth in Bulgaria. International commodity prices could rise more significantly as a result of political crises or increased demand. Limited supply of certain agricultural products, particularly grain, on a global level in relation to adverse climatic conditions can additionally trigger higher inflation. At the same time, a possibly lower economic growth of the Bulgarian economy will have a deterrent effect on prices of non-food goods and of services (core inflation). Foreign sector In 2012, the total balance of current account and capital account had a marginal surplus of € 8.6 mln. as compared to € 536 mln. (1.4% of GDP) in 2011. The increase in the trade deficit contributed most to the lower positive balance, as a result of the stable import of goods, led by the recovering domestic demand. At the same time, the less favourable external environment (EU recession, contracting GDP of major partners for the country) led to a significant slowdown in exports. As a result, in 2012 the negative trade balance was 3.6 billion euro, which was 1.5 billion euro more over the previous year. After two consecutive years with a negative financial account balance, caused by weak investment activity in the economy and the repayment of foreign liabilities by the banking sector, in 2012 the capital flows into the country were restored. The surplus reached 2.2 billion euro or 5.6% of GDP. Inflows were mainly in the form of FDI. They totalled 1.5 billion euro, or 3.7% of GDP, marking an increase of 12.5% on an annual basis. The FDI remain on lower levels compared to the pre-crisis period and are expected to increase up to 4.4% of GDP in 2016, providing a complete coverage of the current account deficit. At the same time, due to the relatively high liquidity of the banks, no large financial inflows in the sector are expected in the medium term.
AutoNDA by SimpleDocs
Inflation rate. “Inflation Rate” means three percent (3%) as set forth in Exhibit J.

Related to Inflation rate

  • Accrual Rate Compensatory time for employees will accrue at the rate of one and one-half hours for each one hour of overtime worked.

  • SALARY RATES Section 12.1 The following shall apply to full-time employees:

  • Accrual Rates All eligible employees shall accrue vacation pay according to the following rates:

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Wage Rate The hourly rates for full-time junior and adult apprentices as set out in this agreement shall apply to school based apprentices except that the school based apprentice for pay purposes will be paid a further 25% of hours to the actual hours worked for off the job training.

  • Overtime Rate In accordance with the applicable wage and hour laws, the overtime rate will be one and one-half (1-1/2) of an employee’s regular rate of pay. The regular rate of pay will not include any allowable exclusions.

  • Rate Increases In the event that this Agreement is renewed pursuant to Section 3.1.2, the rate set forth in Exhibit “C” may be adjusted each year at the time of renewal as set forth in Exhibit “C.”

  • Limit on Rate of Interest (a) No Payment shall exceed Lawful Rate. Notwithstanding any other term of this Agreement, the Borrower shall not be obliged to pay any interest or other amounts under or in connection with this Agreement in excess of the amount or rate permitted under or consistent with any applicable law, rule or regulation.

  • Wage Rates Contractor shall post a copy of the wage rates at the job site and shall pay the adopted prevailing wage rates as a minimum. Pursuant to the provisions of Section 1773 of the Labor Code of the State of California, the Board of Supervisors has obtained the general prevailing rate of per diem wages and the general prevailing rate for holiday and overtime work in this locality for each craft, classification, or type of xxxxxxx needed to execute this Contract from the Director of the Department of Industrial Relations. These rates are on file with the Clerk of the Board of Supervisors. Copies may be obtained at cost at the office of County's OC Public Works/OC Facilities & Asset Management/A&E Project Management or visit the website of the Department of Industrial Relations, Prevailing Wage Unit at xxx.xxx.xx.xxx/XXXX/XXX. The Contractor shall comply with the provisions of Sections 1774, 1775, 1776 and 1813 of the Labor Code.

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

Time is Money Join Law Insider Premium to draft better contracts faster.