“The market economy is called into question,” the chief economist at the Central Bank of Ukraine believes
What is happening is showing that the market economy is being called into question from the point of view of the pricing of the final price. This was commented by the chief economist of KNSB Lyuboslav Kostov in the “NOVA News Interview”.
“The idea of the regulators is to shed light on the entire pricing chain. When we see what the markup is – let’s judge for ourselves whether there is specula. If there is one, the CPC, KZP, BABH, NRA and all others should enter their powers”, is his opinion.
According to Kostov, inflation was record high throughout the past year. “The small consumer basket went up in price by 20-30%, individual goods went up by 50%,” the economist specified. And he concluded: “Bulgarians massively lost real purchasing power.”
He pointed out that inflation is not “pumped up” by consumption. “If someone tells you not to buy bread or cheese, because that’s how you pump inflation – that’s not true. Inflation is the result of speculation, the fact that we don’t have a cabinet, belated actions and external factors,” explained Kostov.
According to him, there is definitely specula in many places. “For the first five days of inspections – in over 90% of the inspected commercial establishments, it turns out that specula is present. In the following weeks, I expect even more interesting data and inflation to begin to decrease”, he added.
Watch his comment on the euro in the video.
NOVA news – already in Instagram, Twitter, Telegram and Viber – follow us. For more news also like our Facebook page.
