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

Bulgarians get poorer, inflation erodes purchasing power

Photo: BGNES-archive

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.




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

Dimitar Glavchev (L) and Rumen Radev. Sofia, August 22, 2024.

Caretaker Prime Minister to present new cabinet by Monday

President Rumen Radev has tasked caretaker Prime Minister Dimitar Glavchev with proposing a new composition for the caretaker government. "The crisis in one institution cannot be resolved by igniting a fire in another. You must carefully propose changes..

published on 8/22/24 1:39 PM

Bulgaria’s Consul General in Chicago attends Democratic National Convention

Svetoslav Stankov, Consul General of Bulgaria in Chicago, the US, took part in the Democratic National Convention, Svetoslav Stankov himself announced on Facebook. His participation is an expression of the excellent relations between Bulgaria and the..

published on 8/22/24 11:39 AM
Veselin Nalbantov

Workers from Asia disappear from hotels on Black Sea coast

There is a channel for the transfer of workers to Western Europe, said Veselin Nalbantov, deputy chairman of the Bulgarian Hotel and Restaurant Association.  Mysterious disappearances of Nepalese and Sri Lankan workers on the Black Sea coast..

published on 8/22/24 9:53 AM