Modern Trends in the Purchasing Power of the Bulgarian Population

Abstract

Income and prices are a major economic factor by which the well-being of a country’s population can be determined. The relationship between these two factors is assessed through the “purchasing power” indicator. It is a set of the amount of a given type of commodity that can be purchased with the total average income of a person from a household, in a certain year, if the same is spent on that commodity. In order to follow the current trends in the purchasing power of the Bulgarian population, the article examines the products that have significant consumption. Using statistical methods, modern trends in the development of incomes and the purchasing power of bread and coal products are tracked. A development prognosis for the next two years has been made.