Bulgaria's household spending rise outpaces income growth in Q1

Analysis

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The average household expenditure per capita in Bulgaria rose by 13.3% on the year in the first quarter of 2022, whereas the average income per household member added 9.6% over the same period, the Sofia-based National Statistical Institute (NSI) said on Monday.

Each household member spent on average BGN 1,821 (EUR 931) between January and end-March, while individual income amounted to BGN 2,006.

The relative share of income from wages and salaries in the Q1 increased by 1.7 percentage points (pp) year-on-year to 56.9%.

Pensions and self-employment income made up 30.9% and 4.9% of household income, respectively, both marking declines since the first quarter of 2021.

Food and non-alcoholic beverages accounted for the greatest share of total first-quarter expenditure, or 29.5%, up from 28.4% in Q1 of 2021. Expenses for housing were 18.8%, while transport and communication made up 12.1% of total spending.

Taxes and social insurance contributions accounted for 13.6% o f total household expenditure in the review period. 

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