Annual inflation in Bulgaria rose to 5.6% in September, according to the National Statistical Institute’s preliminary rapid estimate. On a monthly basis, however, goods and services became cheaper compared with August.
Within the small consumer basket, food products recorded the largest increase in September, rising by 0.7%. Services became 0.1% more expensive, while non-food goods fell in price by 0.7%.
Households are reporting significantly higher expenses for food and utilities. High fuel prices are also increasing the costs faced by traders and producers.
Dzemile, who makes products in Yundola and delivers them to the capital, says her fuel expenses continue to rise. For now, she has not increased prices for customers. “For now we are managing, but I don’t know about later. If things continue in the same way, we are simply under pressure,” she said.
The government describes the inflationary factors as external and says it will take further measures to support vulnerable households if necessary. Economy Minister Aleksandar Pulev said the authorities were preparing an additional package of actions should prices continue to rise.
“We are monitoring the situation and, if necessary, the government will be ready with an additional set of measures,” Pulev said. He identified direct subsidies for industries contributing to inflation and reductions in excise duties and VAT as possible options.
According to the minister, fuel prices remain high for consumers but are lower than those in the European Union. The refinery is operating at almost full capacity, which Pulev said should prevent fuel shortages in the country.
Pulev also said that a subsidy for the most vulnerable people had started on October 1. The rate on liquefied petroleum gas had also been removed, a measure aimed at lower-income people who drive vehicles equipped with gas systems.
The Commission for Consumer Protection is beginning inspections at major retail chains. Its chair, Maya Manolova, said the first checks would focus on dairy products, fruit and vegetables, which have generated the highest number of complaints.
Five of the largest chains will be inspected in different parts of the country. Sanctions will be imposed if unjustified price increases are found.
Source: btvnovinite.bg
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