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Inflation rate will fall back to single digits as early as May, economy minister says

Caretaker Minister of Economy Nikola Stoyanov
Photo: BGNES

“As early as in May, the inflation rate is going to drop below 10%,” caretaker Economy Minister Nikola Stoyanov said in an interview with NOVA TV, and added it had been going down for seven months, and that in summer it will fall back to single digits.

According to Minister Stoyanov, there is every reason for the price of foodstuffs to go down, as the prices of fuels have gone back to 2021 levels. “Wholesale prices have been going down in the past 7-8 months, retail prices have not,” he added.

Regarding the inspections at large chain stores, Minister Stoyanov stated that more than 1,450 inspections had been carried out so far, 841 statements drawn up, and that there are upwards of 350 instances in which unfair trading practices is suspected. “At first, practically every inspection established breaches. They have now fallen below 25%, i. e. the checks are having a disciplinary effect on the chain stores,” he commented.



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