Inflation in Bulgaria surrounds only these two food products

Published Feb 16, 2023

Tridge summary

In 2022, Bulgaria saw a record high food inflation, despite stable pork prices. The average pork price was BGN 9.53/kg at the start of the year, which decreased to BGN 9.27/kg by the end of the year. However, international pork prices saw a significant increase of 53.6% from January to August, before decreasing in later months. Bean prices were an exception, seeing a 6% increase from 2021, but remaining relatively stable for most of the year. Despite this inflation, the average salary in Bulgaria reached almost BGN 2,000, helping to offset the inflation.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Food inflation here hit a 23-year record high, while pork and bean prices barely budged in 2022. This is evident from the conclusions in the annual bulletin of the State Commission on Commodity Exchanges and Auctions for the past year. According to statistics, pork prices will remain stable in 2022. At the beginning of the year, the average price was BGN 9.53/kg. In the following months, it even slightly decreases and in April it reaches the level of BGN 9.20. This is followed by a period of price stabilization around the level of BGN 9.30. In September, a short-term increase in the price is observed. At the end of the year, the price of pork is BGN 9.27/kg. At what markup do the big supermarkets and small shops sell us basic foods? This is where the overprice of eggs reaches 32% in the commercial network At the same time, observations of international pork prices according to CME Group data show an increase in values in the period January - August. At the beginning of the year, ...

Source: Money