15 weeks of skyrocketing wholesale prices.

There is also a serious increase in exports, but we have a negative trade balance.

As of September, we are in the red with 11 billion.

The reasons for inflation have not disappeared.

We live in a global world, the market is segmented, the supply is interrupted.

We have increased exports, but those of 2020 will not be repeated in 2023. Then we exported fuels and oils that we will not be able to sell in the EU because they are produced from Russian oil.

This is what Mika Zaikova said about "Your Day".

Mika Zaikova was born on February 2, 1942 in Sofia.

She graduated from the Mining and Geological Institute, economist.

For the second month in a row: Inflation in Bulgaria is 16.9%

According to her, the raw materials from which we produce have unstable prices.

"We do not make capital investments, so our production does not have a high added value and is difficult to sell. Inflation may slow down, but it will continue to grow," she pointed out. 

For his part, the economist Mihail Krastev called for inflation to be considered in two directions - a large and a small basket.

"The small inflation is much higher. If there was such in December, then the problem is solved. There is no deflation, and maybe we won't see a solution in January either. The aid to business led to an increase in inflation, which is a huge problem. Inflation is already should have started to taper off," he explained. 

According to him, in 2022, the state has allocated over BGN 10 billion for compensation and business aid for expensive electricity.

"The decrease in inflation will happen thanks to the restriction of consumption and recession. The transition to subsidizing production with public resources is negative. We must think 10 or more years ahead," commented Krastev.

Mika Zaikova

economy

inflation