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

Living expenses are growing faster than incomes

Photo: BGNES

In the past 3 months, the income needed to support 1 person has grown by 3.1%. On an annual basis the rise is 14.6%, according to the monitoring on consumer prices and wages by the CITUB trade union. The sum needed to support a working person living alone increases by 89 euros, and for a family of three by 160 euros. The net monthly income needed by a single person is EUR 697; for a family of three it is EUR 1,254. The inflation rate for essential goods reaches 25 percent and wages in the state budget have lost 6% of their purchasing power since the beginning of 2023.

2/3 of working people do not receive the money they need to live normally, CITUB economist Luboslav Kostov said. According to CITUB calculations, the minimum monthly wage should be 650 euros, not 390.




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

Dimitar Glavchev

Bulgaria to offer Ukraine EUR 80 million but only if parliament approves it (update)

The position Bulgaria is going to the NATO summit with indicates that Bulgaria could offer Ukraine EUR 80 million , caretaker PM Dimitar Glavchev told reporters in parliament. However, he added that whatever the sum, it can only become fact..

published on 7/5/24 2:55 PM

Hungary urges EU to dispatch border guards to the borders of Bulgaria and Greece

Hungary’s Deputy Interior Minister Bence Retvari stated that the abolition of Bulgaria and Romania’s Schengen borders by land is very important to the Hungarian presidency of the Council of the EU. We want to reach a decision by the end of the..

published on 7/5/24 1:30 PM
Boyko Borissov

Bulgaria will not be giving cash to Ukraine

Yesterday, a new attempt was made to insinuate that Bulgaria would give cash to Ukraine, GERB leader Boyko Borissov said in parliament. At the closed session of the National Assembly discussing the NATO Summit in Washington, it became..

published on 7/5/24 11:06 AM