Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Cost of living goes up, purchasing power plunges

Photo: BGNES

1,479 Leva (EUR 756) was the monthly salary needed for the subsistence of one working individual at the end of 2021, showdata of the Confederation of Independent Trade Union’s Institute of Social and Trade Union Research.

The sum has gone up by 130 Leva (EUR 66) compared to 2020. Almost two-thirds of workers in the country have an income below the subsistence level. The net monthly income needed for two adults and a child of 14 is 2,066 Leva (EUR 1,056), an increase of 180 Leva (EUR 92) year-over-year. Within the space of one year, food prices have gone up by 9.8%.

“The minimum salary lost its purchasing power in 2021, and it would not re-gain it with the new state budget as it is set down,” says the Institute’s director Lyuboslav Kostov. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Nikolay Nenchev

Sofia sends Nikolay Nenchev as temporary Bulgarian ambassador to Ukraine

The former Bulgarian Minister of Defense Nikolay Nenchev will be temporarily in charge of the Bulgarian Embassy in Ukraine. This decision was taken by the Bulgarian caretaker government to end the more than a year-long deadlock between the Council of..

published on 7/23/24 10:00 AM
Israeli ambassador Yosef Levi Sfari

Hezbollah and the Houthis holding 4 Bulgarian hostages, Israeli ambassador says

The Houthis are holding two Bulgarian hostages. Hamas is also holding two hostages from Bulgaria. There are steps that Bulgaria - and every other EU country - should take to prevent future attacks and fight terror, Israeli Ambassador to Bulgaria..

published on 7/23/24 9:33 AM

Exhibition gathers farmers in the village of Popgrigorovo near Dobrich

For the third year in a row, the agricultural exhibition "Day on the Field" will be held in the region of Dobrich. The exhibition is organised by the Dobrudzha Union of Grain Producers and aims to gather farmers, producers of seeds,..

published on 7/23/24 8:15 AM