Text size

Inflation up 29.9 per cent since 2021, bread prices up 43.3 per cent

published on 1/13/25 5:48 PM

Photo: BGNES

An analysis by experts from the Confederation of Independent Trade Unions in Bulgaria (CITUB) shows that the cumulative growth of inflation (measured by the Consumer Price Index) over the last four years (from the beginning of 2021 until now) is exactly 29.9%.

However, this is an average indicator that often does not reflect the real level of personal inflation for each consumer. For this reason, inflation is often looked at for individual items in the small consumer basket. This, experts say, gives an idea of the real purchasing power of the majority of people.

The cumulative inflation for bread and cereals alone over the same period was 43.3%. Since the introduction of zero VAT, bread has become between 1% and 11% cheaper in the short term, but in the long term its price is rising, the union said.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 2021 bread citub inflation small consumer basket

More from category

BSP hopes that Bulgaria will soon have a regular government

Bulgaria needs stable governance and a solution to the problems of the people. This was the consensus among mayors from the Bulgarian Socialist Party during a meeting with the party leadership and the parliamentary group of BSP-United Left. The mayors..

published on 1/11/25 5:14 PM

Bulgaria to participate in NATO's largest exercise for 2025 called Steadfast Dart 25

NATO will deploy 10,000 soldiers, 17 ships, 20 aircraft, 1,500 combat vehicles and artillery in Bulgaria, Romania and Greece during Steadfast Dart 2025. This will be the Alliance's largest exercise for 2025 to deploy Allied Reaction Force (ARF)..

published on 1/11/25 3:34 PM

National Assembly Speaker Natalia Kiselova (M) and Marin Raykov (R)

Bulgaria honors the victims of the Bloody Christmas in 1945

Bulgaria honors the victims of the Bloody Christmas in the Yugoslav Republic of Macedonia in 1945, when thousands of Macedonian Bulgarians were killed by the regime of Yugoslav dictator Tito due to their Bulgarian self-consciousness...

published on 1/11/25 3:18 PM