Household Spending Growth in Bulgaria Outpaces Income Growth in Q1, 2012

Household spending in Bulgaria increased by nearly 15% in the first three months of 2012 compared to the same period in 2011, according to data of the National Statistical Institute (NSI).

Meanwhile, household incomes increased by 10.6% in Q1 2012, compared to Q1 2011.

Spending on food and housing accounted for over 52% of the total spending.

According to statistics for the period January-March 2012, average household per capita income was BGN 960, while the total expenditure per household member was BGN 888.

Wages and salaries remained the main source of household income in Q1 2012, registering  an increase of 8.8% on the year.

Wage and salary income per household member in the first three months of 2012 amounted to BGN 500 on average.

The second most important source of income was pensions, which went up by 1.5% year-on-year to an average of BGN 289 per capita.

Food and soft drinks spending increased by 5.4% to an average BGN 299 per household member in Q1, 2012.

Alcohol and tobacco products spending increased by the dramatic 22.4% year-on-year to BGN 39 per capita in the first three months of the year.

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