Inflation in Bulgaria will not be Less than 25% - 30%

Business » FINANCE | March 20, 2022, Sunday // 11:08
Bulgaria: Inflation in Bulgaria will not be Less than 25% - 30%

Economist Miyka Zaykova predicts inflation of 25% -30%. According to her, the state must find in time alternative suppliers of the products we have imported from Russia so far and negotiate affordable prices. Otherwise, bankruptcies are expected.

“This 8.4% inflation, which was calculated by Eurostat or 10% of the NSI - this is the smoothed index. There are no fluctuations in product prices. I want to tell you that inflation is less than 25% -30%, I simply can’t expect that,” Miyka Zaykova told BNT.

Bulgaria: Inflation Hit 10%

According to her, inflation will continue to rise.

“In this situation and our unpreparedness, it will grow and if someone thinks that…see in June it will begin to fall…I do not agree because there are no prerequisites for basic resources - strategic goods, except energy, to fall. Second - you see, that product prices are rising. There is speculation - yes, but there are reasons to rise,” said Zaykova.

/BGNES

Follow Novinite.com on Twitter and Facebook

Write to us at editors@novinite.com

Информирайте се на Български - Novinite.bg

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Finance » Be a reporter: Write and send your article
Tags: zaykova, Bulgaria, inflation, prices

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria