Bulgaria: Bread is cheaper by 20% in the big chains

Published 2022년 7월 13일

Tridge summary

A recent study by the Institute for Social and Trade Union Studies indicates a decrease in bread prices across 20 regional cities in Bulgaria, following the government's decision to impose a 0% VAT rate on bread and flour. The research, conducted between July 6 and 9, 2022, showed that while some areas experienced up to a 20% drop, the average price reduction was between 2-6%. The rate of reduction varied significantly across different types of commercial establishments and bread types. Some retail chains immediately reduced prices by 20%, while others maintained the same levels. The National Union of Bakers and Confectioners expects all commercial chains to ultimately reduce prices for all bread varieties, although it remains uncertain if this will be uniform across all areas.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The drop in the price of bread, after the introduction of 0% VAT on bread and flour, during the budget update is a fact. This is shown by the data from a study by the Institute for Social and Trade Union Studies at the National Council of the National People's Congress. It was held between July 6 and 9 in 20 regional cities. Five types of bread were observed, and the weights were recorded in order to calculate the price per kilogram. The results of the research confirm the decrease in bread prices. However, there is a strong differentiation in the reduction between the type of commercial establishments and between the individual areas. Although a drop of up to 20% in sales prices can be observed in some places, the average values for the 20 cities show a weaker decrease in the range of 2-6%. Compared to the type of commercial establishments, there is a more pronounced reduction in large commercial establishments (Sofia, Plovdiv, Pernik, Razgrad, Pazardzhik), where it reaches 20%. ...
Source: Duma

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