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

Cost of living goes up, purchasing power plunges

Photo: BGNES

1,479 Leva (EUR 756) was the monthly salary needed for the subsistence of one working individual at the end of 2021, showdata of the Confederation of Independent Trade Union’s Institute of Social and Trade Union Research.

The sum has gone up by 130 Leva (EUR 66) compared to 2020. Almost two-thirds of workers in the country have an income below the subsistence level. The net monthly income needed for two adults and a child of 14 is 2,066 Leva (EUR 1,056), an increase of 180 Leva (EUR 92) year-over-year. Within the space of one year, food prices have gone up by 9.8%.

“The minimum salary lost its purchasing power in 2021, and it would not re-gain it with the new state budget as it is set down,” says the Institute’s director Lyuboslav Kostov. 



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

Vice-President Iliana Iotova: This National Assembly lacks legitimacy

Speaking to journalists during her visit to the town of Gotse Delchev in the Blagoevgrad region, Vice-President Iliana Iotova described the newly elected National Assembly as "illegitimate".  According to her, the reports of violations and the..

published on 11/7/24 6:34 PM

Weather forecast: Daytime highs expected to increase by 1°C-2°C

On Friday, there will be fog in the valleys. The lowest temperatures will range between minus 5°C and 0°C, for Sofia around minus 3°C. It will be sunny during the day. The maximum temperatures will range from 14°C to 19°C, for Sofia around 16°C...

published on 11/7/24 5:20 PM
Borislav Gutsanov

BSP and ITN want to give the full rights for forming caretaker cabinet back to the president

BSP and ITN will ask the Constitutional Court to give the full rights to form a caretaker cabinet back to the president, Borislav Gutsanov from BSP - United Left has told the BNR. "BSP-United Left will be the guardians of the..

published on 11/7/24 4:01 PM