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

Daniel Lorer (L) and Yavor Bozhankov (R)

PP demanded the resignations of two MPs who did not support the candidacy of Silvi Kirilov

"After today's vote for Speaker of the National Assembly, ''We Continue the Change'' (PP) demanded the resignations of Daniel Lorer and Yavor Bozhankov", the party's co-chairman Kiril Petkov wrote on Facebook. Silvi Kirilov, nominated by "There..

published on 11/28/24 4:52 PM

MPs face seventh failed attempt to elect Parliamentary Speaker

In a record-long session lasting 18 days, Bulgarian MPs made a seventh failed attempt to elect a speaker of the National Assembly. After several breaks and a re-vote for the oldest MP, Silvi Kirilov from “There Is Such a People" (ITN), only a few..

published on 11/28/24 3:26 PM

Delyan Peevski says he can form a cabinet if given the opportunity

The leader of “МРФ – New Beginning” Delyan Peevski has expressed his readiness to take the post of prime minister. “When we are the first party, I will form a government,” he said on the sidelines of the National Assembly. “If the Bulgarians give..

published on 11/28/24 2:51 PM