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The Food and Agriculture Organization (FAO) Food Price Index 1961–2021 in nominal and real terms. The Real Price Index is the Nominal Price Index deflated by the World Bank Manufactures Unit Value Index (MUV). Years 2014–2016 is 100. Food prices refer to the average price level for food across countries, regions and on a global scale. [1]
Prior to World War II, agriculture in Bulgaria was the leading sector in the Bulgarian economy. In 1939, agriculture contributed 65 percent of Net material product (NMP), and four out of every five Bulgarians were employed in agriculture. The importance and organization of Bulgarian agriculture changed drastically after the war, however.
Despite having a lower increase in prices than average for the European Union, prices have still risen for food items such as olive oil (20%), butter (17%), meat (3–6%), and bread (2%). Slovenes frequently made comparisons to Italy, where prices were much lower. [76] Several small scale [1] boycotts commenced, lasting until 9 February. [77]
Bulgaria relies on imported oil and natural gas (most of which comes from Russia), together with domestic generation of electricity from coal-powered and hydro plants, and the Kozloduy nuclear plant. Bulgaria imports 97% of its natural gas from Russia. [72] The economy remains energy-intensive because conservation practices have developed slowly.
[5] [6] Bulgarian food often incorporates salads as appetizers and is also noted for the prominence of dairy products, wines, and other alcoholic drinks such as rakia. The cuisine also features a variety of soups , such as the cold soup tarator , and pastries, such as the filo dough -based banitsa , pita , and the various types of börek .
The concept of supermarkets (and later hypermarkets) came to Bulgaria after 1989 and most supermarkets are made up of joint ventures between Bulgarian and foreign investors. Since 2000, there has been a strong growth in the number of supermarkets in the country, particularly in Sofia and other main urban areas. [ 1 ]
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The high food prices have contributed to worldwide protests particularly in Africa. [3] High food prices were also a major factor contributing to the Arab Spring unrest. [4] The deflated FAO food price index reached an all time high in 2012. [5] As a result of a very dry summer in the United States and Europe, corn and soybean prices reached ...