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

Annual food inflation is 24.5%, Agriculture Minister Yavor Gechev says

Agriculture Minister Yavor Gechev
Photo: BGNES

The annual food inflation is 24.5% for January, Minister of Agriculture in the caretaker government Yavor Gechev announced at a press conference on the measures aimed at curbing the high prices of food in chain stores. The peak was reached in November when the rate reached 26.1%. Inspections ascertained unexplainable margins for some products such as eggs, butter, cheese etc. With the use of unfair practices, chain stores are encouraging consumers to buy at inflated prices. For example, the price of some commodity is advertised as being  "the lowest only today”. In practice, the price is neither the lowest, nor only today, it is 20-30% higher than at rival stores. 



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

Financial Supervision Commission: The assets of private pension funds have reached EUR 13 billion

The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by more than 20% compared to the same period last year.  As of September 30, 2024, the number of..

published on 11/21/24 5:30 PM

Bulgarian economy registers upsurge, yet unevenly distributed over different regions

There has been an upsurge in the economy in every region of Bulgaria, the effects of the Covid crisis have been overcome, tourism has fully recovered, which is evident in Bulgarian seaside regions and spa resorts - this is the conclusion that is drawn..

published on 11/19/24 11:51 AM

More than EUR 1 billion to be allocated for agriculture and the development of local economies

More than EUR 1 billion will be invested in agriculture and rural areas in Bulgaria in 2025. According to a decision by the Monitoring Committee of the Strategic Plan for Agricultural Development, the funds are aimed at modernizing agriculture and..

published on 11/17/24 10:07 AM