Text size

Inflation up 29.9 per cent since 2021, bread prices up 43.3 per cent

published on 1/13/25 5:48 PM

Photo: BGNES

An analysis by experts from the Confederation of Independent Trade Unions in Bulgaria (CITUB) shows that the cumulative growth of inflation (measured by the Consumer Price Index) over the last four years (from the beginning of 2021 until now) is exactly 29.9%.

However, this is an average indicator that often does not reflect the real level of personal inflation for each consumer. For this reason, inflation is often looked at for individual items in the small consumer basket. This, experts say, gives an idea of the real purchasing power of the majority of people.

The cumulative inflation for bread and cereals alone over the same period was 43.3%. Since the introduction of zero VAT, bread has become between 1% and 11% cheaper in the short term, but in the long term its price is rising, the union said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 2021 bread citub inflation small consumer basket

More from category

Negotiations to form a regular government continue

Negotiations to form a regular government continue today. There is agreement on the name of the next prime minister - Rosen Zhelyazkov from GERB-SDS, there is also agreement on the governance agreement. However, the talks are complicated by the..

published on 1/13/25 3:54 PM

Bulgarian Parliamentary Speaker meets with US Ambassador Kenneth Merten

The Speaker of the Bulgarian National Assembly Natalia Kiselova spoke with the US Ambassador to Bulgaria Kenneth Merten. Kiselova expressed condolences to the relatives of the US citizens who died during the devastating fires in Los Angeles ...

published on 1/13/25 2:26 PM

Minister Dimitrov: “EU money for water management is additional funding, not panacea”

A unified water management authority is needed to solve the problems with water shortage. This was what caretaker Minister of Environment and Water, Petar Dimitrov, told bTV. Currently, water management is fragmented,..

published on 1/13/25 11:52 AM