The growth of prices for basic foods in our country is 19.5% compared to March 2021. This was stated in “The Day Begins” by the Chairman of the State Commission on Commodity Exchanges and Markets Vladimir Ivanov.
There has been a shock rise in prices in recent weeks for the oil, whose price has risen by more than 50%. Higher growth is also observed in flour, due to the war in Ukraine.
Thus, accordingly, the preconditions for what we observe were quite naturally created. However, there was also an overexposure of the problem, psychological tension and a lot of fear that was passed on to consumers.
We watched irrational and ugly scenes. Therefore, I remind consumers that overstocking and spontaneous buying are not a solution, but become a pro-inflationary factor, “Ivanov warned.
According to Vladimir Ivanov, the processes for other products are smooth and stable and subject to control – prices are rising due to expensive energy resources and fertilizers, but this is happening gradually with small percentages. Therefore, according to the chairman of the State Commission on Commodity Exchanges and Markets, it is not necessary at the moment to introduce a price ceiling or other type of regulation by the state.
“The market is not in a position to impose such strictly non-market measures. We are in the European Union, where the market mechanism is currently working – the food market is close to perfect competition, there is a lot of competition and this creates a smooth transition and rapid regulation of price levels, “Ivanov said.
He expects oil and flour prices to remain at current levels for a long time. Therefore, consumers should not succumb to incorrect practices.
“I want to remind you that different brands of oil have similar quality parameters. So let people not pay for this type of incorrect practices such as BGN 8 for oil. There are incorrect practices and there always will be. people also appear to feast during the plague. That’s why I turn to Bulgarian consumers – it’s very easy when you don’t buy, “said Vladimir Ivanov.
According to him, if the war ends soon, in September we can expect completely different trends and calm in the market.
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