site.btaPrices on Certain Goods Spike in Specific Regions – National Revenue Agency Chief

There has been a noticeable spike in the prices of certain goods in specific regions, National Revenue Agency Executive Director Rumen Spetsov told journalists on Friday at the Council of Ministers.

Spetsov said that the data he presented on Thursday regarding the price increases were “initial and raw” and have since undergone further analysis.

"Today, we have much more detailed data, which clearly provides a full picture of the prices and where increases occur," he said. Spetsov emphasized that the first step will be to present these findings to the regulatory authorities - the Commission for Protection of Competition and the Commission for Consumer Protection.

“We’ll hold a joint meeting to review the data and analyses so we can coordinate our next actions,” Spetsov explained, adding that the observed price increases follow a distinct territorial pattern.

“There is no across-the-board price surge of the kind I cited yesterday based on raw figures. We are seeing clear regional trends in the price hikes from specific retailers, so we can’t talk about inflationary processes. This is pure speculation,” Spetsov said.

He assured that specific data will be released today or by Monday at the latest.

Spetsov participated in a discussion on “The Effect of the Eurozone: Lessons from Member States,”, held at the Council of Ministers.