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

Inflation rate will fall back to single digits as early as May, economy minister says

Caretaker Minister of Economy Nikola Stoyanov
Photo: BGNES

“As early as in May, the inflation rate is going to drop below 10%,” caretaker Economy Minister Nikola Stoyanov said in an interview with NOVA TV, and added it had been going down for seven months, and that in summer it will fall back to single digits.

According to Minister Stoyanov, there is every reason for the price of foodstuffs to go down, as the prices of fuels have gone back to 2021 levels. “Wholesale prices have been going down in the past 7-8 months, retail prices have not,” he added.

Regarding the inspections at large chain stores, Minister Stoyanov stated that more than 1,450 inspections had been carried out so far, 841 statements drawn up, and that there are upwards of 350 instances in which unfair trading practices is suspected. “At first, practically every inspection established breaches. They have now fallen below 25%, i. e. the checks are having a disciplinary effect on the chain stores,” he commented.



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

After the talks between GERB-SDS and BSP-United Left: Regular government with full mandate is needed

Negotiations for forming a government between the future mandate-holder GERB-SDS and the parliamentary parties continue. Today, GERB-SDS sat down at the negotiating table with representatives of the BSP-United Left. The..

published on 12/17/24 4:04 PM

Martin Nanchev receives Police Officer of the Year Award

Junior Inspector Martin Nanchev received the Police Officer of the Year Award. He is a police officer of Border Police – Burgas working at the "Tsarevo" border checkpoint on the sea border. Nanchev was awarded for proven..

published on 12/17/24 3:13 PM

Negotiations on forming a government raise hopes of Vice President Iotova

Vice President Iliana Iotova said in Pernik that she is optimistic about the formation of a regular cabinet. "Yesterday's talks filled me with hope because the very fact that they will continue today means that there is room for..

published on 12/17/24 1:04 PM