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

Bulgaria, Romania and Ukraine exchange information on Russian oil spill in the Black Sea

Caretaker Minister of Environment and Water Petar Dimitrov held a video conference with Romania's Minister of Environment, Water and Forests Mircea Fechet and Ukraine's Minister of Environmental Protection and Natural Resources Svitlana Grynchuk. The..

published on 12/17/24 8:57 AM

Police Officer of the Year Award presented today

The Police Officer of the Year Award ceremony will be held in Sofia for the 31st time. Minister of Interior Atanas Ilkov and the leadership of the Ministry of Interior will present awards to police officers and teams who have proven..

published on 12/17/24 8:05 AM
Bistritsa Babi

The exhibition "Living Human Treasures–Bulgaria" opens in Sofia

The Institute of Ethnology and Folklore Studies with Ethnographic Museum at the Bulgarian Academy of Sciences opens today the exhibition "Living Human Treasures-Bulgaria" under the dome of Sofia's Largo . The exhibition presents 44 elements of..

published on 12/17/24 5:15 AM