Bulgaria is the only country in the EU where oil has become cheaper

Published May 11, 2023

Original content

In March 2023, almost all EU countries reported an increase in annual inflation for oil and fats (olive oil, butter, margarine). The only exception is Bulgaria. According to the European Statistical Service, in March of this year, a drop in the prices of these products was reported in our country (by 1%). "For the whole category of fats, the price index shows a decrease of 0.8%, mainly due to still high oil prices. If we look at sunflower oil alone, it is 11% cheaper in March 2023 compared to March 2022. ", writes the economist Lachezar Bogdanov. According to his observations, oil continues to fall in price in April and the first days of May, and his prediction is that even more declines are to come. Flour rose in price by over 40%, and oil - by 21%. Here's how prices changed in just one week A day ago, the Minister of Economy, Cornelia Ninova, announced that there were violations in the pricing of oil And what are the prices? According to the data of the State Commission on ...
Source: Money
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.