The Cabinet has set up a committee to study what is happening with prices following Bulgaria’s European Union accession.

The Cabinet media office said on January 18 that the body was to be called the State-Public Consultative Committee for Surveillance and Analysis of Consumer Goods and Services Prices.

The committee is chaired by Economy and Energy Minister Roumen Ovcharov.

Two members each from the ministries of Economy and Energy, Finance, Agriculture and Forestry, and Health and from the Commission for Protection of Competition will take part in the committee, as well as one member each from the Labour and Social Policy Ministry, National Statistical Institute, State Agency on Stock Exchange and Markets, Consumers Protection Commission, National Revenue Agency, Bulgarian Industrial Association, Bulgarian Chamber of Commerce and Industry, Consumers Federation in Bulgaria, Independent Consumers Union and Bulgarian National Consumers Association.

The main objective of the consultative committee will be analysis of trends in consumer goods prices development trends, based on data supplied by the bodies involved.

It will also propose measures where it finds price increases are not justified, and alert the relevant bodies, the Cabinet media office said.