EUR 1,243 per month is the income a family with a child under 14 needs to cover the cost of living, shows data of the latest survey of the largest trade union in Bulgaria- the Confederation of Independent Trade Unions in Bulgaria (CITUB).
Living expenses have gone up by EUR 187 in the space of one year. Living expenses for a single-person household have gone up by 17.7% to EUR 690. Due to inflation and insufficient wage increase, for the first time in many years, a decrease in purchasing power was recorded.
Prices of 20 vitally important goods from the so-called small consumer basket rose by 40-50% year-on-year. Bulgarians can buy 6.6 baskets with the minimum wage. For comparison, Romanians can buy 11 baskets with the minimum monthly salary. Germans can buy 29 baskets with the minimum salary.
The average gross annual salary in Bulgaria in 2023 is 24,485 BGN (EUR 12,519) which is an increase of 15.3% compared to 2022, according to data from the National Statistical Institute. The highest wages are earned by those working in "Creation and..
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