BULGARIAN ECONOMY

National Statistical Institute: Household income in Bulgaria increased in 2018

The average total income per household member in the second quarter of 2018 was BGN 1,474, or a 8.7% increase compared to the same period in 2017, according to Bulgaria’s National Statistical Institute (NSI). The highest relative share was income from wages and salaries (56.7%), followed by income from pensions (28.1%), and from self-employment (6.6%).
In nominal terms, the average income per household member by income source had changed as follows:

Income from wages and salaries had increased from BGN 769 to BGN 835 (by 8.6%).
Income from pensions had increased from BGN 356 to BGN 413 (by 16.1%).
Income from self-employment had increased from BGN 93 to BGN 97 (by 4.8%).
Income from social benefits had decreased from BGN 46 to BGN 35 (by 24.4%).

The total expenditure per household member in the second quarter of 2018 was BGN 1,331, or an 11.4% increase compared to the same quarter of 2017.

The greatest share had food expenditure (31.5%), followed by housing costs (15.9%), taxes and social security contributions (13.7%) and transport and communications costs (12.1%).

In July 2018, the monthly inflation was 0.7%, while the annual inflation compared to July 2017 reached 3.5%, the National Statistical Institute (NSI) said.

Compared to June 2018, the prices rose in food and non-alcoholic beverages (0.1%), alcohol and tobacco (0.6%), housing, water, power, gas and other fuels (1.3%), furnishings, household equipment and routine maintenance of the house (0.8%), transport (0.7%), communications (0.1%), entertainment and culture (5.6%), restaurants and hotels (2.3%) and miscellaneous goods and services (0.4%). A decrease was registered in clothing and footwear, health and education.

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