Bulgaria Registers January Y/Y Skyrocketing Price Hike

The wholesale prices of most produce in Bulgaria went up again in January. File pho

The January 2011 index of wholesale prices went up by 1.22 points, compared to December 2010, according to data from the State Commission for Commodity Exchanges and Market Places.

Sugar, flour, milk products and some meat products are up 3% to 5% in January, compared to the previous month; rice, cooking oil, chicken meat are up 1% to 2.5%; price of beans, lentils and pork meat is down 2%; price of ground meat and eggs remains unchanged.

In January 2011, compared to the same month of the previous year, cooking oil price is up 46%, flour – 32%, lentils – 26.5%, milk products – 20%-30%; fish and chicken meat – 10%-11%; sugar – 4%.

Prices of eggs, meat products, ground meat, beans, and rice register a reduction of anywhere between 25% and 4%.

Regarding produce, garlic prices are up 15% in January, compared to the previous month; greenhouse tomatoes and cucumbers – up 14%; potatoes and cabbage – up 8%; bananas – up 8%; apples – up 3%. Tangerines and lemons are down 7%.

On annual basis, price of garlic is up 115%; potatoes – up 44%; cabbage – 9%; greenhouse tomatoes and cucumbers – 33% and 14% respectively; apples – 11%; bananas – 16%.

Only tangerines and lemons register a price reduction compared to January 2011 – 10% and 13% respectively.

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