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

Tourists celebrate the day of the highest Bulgarian mountain - Rila

On August 3 and 4th, we will celebrate the annual Rila Mountain Festival. It dates back to 1925 and is celebrated in the first days of August. Every year on these days thousands of mountain lovers from the country and abroad gather on..

published on 8/3/24 6:50 AM

Balkan Motorcycle Tour will pass through Bulgaria

A Serbian motorcycle club will celebrate its 20th anniversary with a Balkan tour that will pass through Bulgaria from August 4 to 9.  A group of about 150 motorcycles is expected to form. According to the schedule, the rockers will enter the..

published on 8/2/24 7:50 PM

Hot weather with precipitation in some places

On Saturday, cumulus clouds will develop over the western half of the country and short-term rain showers are expected. There will be conditions for hail. It will be mostly sunny over the eastern areas. The highest temperatures will..

published on 8/2/24 6:45 PM