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Subsistence minimum for average household down in Georgia

Business Materials 15 July 2020 20:10 (UTC +04:00)
Subsistence minimum for average household down in Georgia

BAKU, Azerbaijan, July 15

By Tamilla Mammadova – Trend:

Subsistence minimum for an average household in Georgia decreased in June 2020, compared to May 2020, Trend reports with reference to National Statistics Office of Georgia (Geostat).

The subsistence minimum for able-bodied men was 189.6 lari ($62.10) in May 2020, while in June 2020 this indicator decreased to 186.6 lari ($61.11).

Compared to May, the subsistence minimum of the average consumer in June decreased by 2.6 lari (85 cents) and amounted to 165.3 lari ($54.14).

In June 2020, subsistence minimum per capita for single-member household reached 165.3 lari ($54.14), for two-member household – 264.4 lari ($86.60), for three-member household – 297.5 lari ($97.44), for four-member household – 330.5 lari ($108.24), for five-member household – 371.9 lari ($121.80), and for six-member household - 439.6 lari ($143.98).

In May of this year, the subsistence minimum for an average household was 313 lari ($102.51).

Geostat calculates the subsistence minimum on the basis of the minimum food basket, which was determined by the order of the Minister of Health of Georgia on May 8, 2003.

The food basket contains the necessary set of products to maintain the normal life of an able-bodied man. The minimum food basket consists of 40 types of products, including bread, cereals, meat, dairy products, vegetables and pastries.

The subsistence minimum is only an indicator of the cost of food. It does not include utility bills, transportation expenses and other obligatory expenses of the population.

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