Tag: cost of living
Macedonia 22.01.24 | 18:32

Consumer basket for January at Mden 57.163: SSM

As of January 2024, the Federation of Trade Union (SSM) in Macedonia reported that a family of four required Mden 57,163 to cover the minimal consumer basket. Out of this total amount, Mden 21,007 or 36.7 percent was allocated for food and beverages, while the remaining portion was earmarked for various...
Economy 07.07.23 | 20:02

Monthly cost of living estimated at a little over 48,500 denars

This June, the average Macedonian family spent 48,543 denars on basic necessities, shows data from SSM – the largest union in the country. SSM informs that there is a slight decrease in the value of the cost of living index in June, however, the prices of groceries are still increasing. The minimum...
Macedonia 10.04.23 | 17:25

“The Government needs to explain how is a family supposed to survive on two salaries of 25,000 denars”

VMRO-DPMNE member of Parliament Bojan Stojanoski warned that inflation is outpacing the increases in salaries, as it rose to 14.7 percent in March. The cost of living for a family, which includes the bare essentials, amounts to over 50,000 denars. This is far above the abilities of an average family,...
Economy 07.03.23 | 17:52

Cost of living expenses rise to 835 EUR

Cost of living expenses rose to 50,909 denars in February, the SSM union informed. This is the cost for sustaining a family of four with the basic necessities, such as food, housing, hygiene and transport. This equals to 835 EUR – or more than one and a half average salary.
Economy 07.06.22 | 14:50

Cost of living, retail prices go up in May

The cost of living in May increased by 2% compared to April, while retail prices went up 1.5% in the same period. Compared to May 2021, the cost of living in May 2022 jumped by 11.9%, while retail prices by 12.1%, State Statistical Office data shows. An increase in the Consumer Price Index in May...
Economy 13.01.22 | 09:22

Food prices spiked over the past year

Food prices spiked over the past year, warns the opposition VMRO-DPMNE party, which says that this is eating away the standard of living. Bread is 9.3 percent more expensive compared to December 2020. Sugar prices went up by 9.3 percent. Vegetable oil had the highest spike – 25.1 percent. Domestic...
Macedonia Economy 08.10.21 | 11:01

Inflation fears grow as food prices spike

The poll of inflation expectations prepared by the Macedonian Central Bank (NBRM) shows that the inflation will reach 2.8 percent in 2021, instead of the 2.3 percent that were expected in the previous poll. This is inn line with the wave of retail price hikes that have hit the country, and are made worse...
Economy 09.09.21 | 16:44

Cost of living, retail prices increase

The cost of living in August increased by 0.6% compared to July, while retail prices went up 0.4% in the same period. Compared to August 2020, the cost of living in August 2021 jumped by 3.6%, while retail prices by 4.9%, State Statistical Office data shows. An increase in the Consumer Price Index in...
Macedonia Economy 11.06.21 | 18:12

Inflation watch: Cost of living up more than one percent over two months

The SSM union published its monthly cost of living analysis geared toward an average household, and found that the price of the basic goods and services is 180 denars here in May, and 400 in total for the past two months (1EUR=60 denars). The cost is now estimated at 34,156 denars (560 EUR) for just...
Macedonia Economy 09.04.21 | 15:19

Cost of living expenses keep rising

Gradually, the economic crisis is beginning to affect living standards. The State Statistics Bureau estimates that prices went up by 2.6 percent. The public has especially noticed the rise in cooking oil prices, which has gone from about 75 denars per liter to a cool 100. Fruit and vegetables like peppers,...
Macedonia Economy 08.01.21 | 17:50

Cost of living is well above the average salary, SSM union estimates

The SSM union published its estimate for the minimum consumption costs for December 2020. It is put at 33,697 denars (550 EUR), or one and a quarter average salary. The union estimates the cost for food per household at 14,000 denars (230 EUR), housing is estimated at 11,000 denars and hygiene products...
Economy 09.11.20 | 14:53

Cost of living, retail prices on the rise

Compared to Sept. 2020, the Oct. 2020 Consumer Price Index was 100.1%. Increases were registered in cigarettes by 5.2%; fresh or frozen vegetables (other than potatoes and other tubers) by 4.2%; fats by 3.7%; sweeteners, chocolate and confectionery by 0.9%; and wine by 0.2%. In October, there was also...
Economy 08.07.19 | 16:54

Cost of living increased compared to June 2018

The cost of living index decreased by 1.1 percent in June compared to May, but rose 0.3 percent year on year, compared to June 2018. Prices rose among fruits (3.9 percent), tourism packages (3.8 percent), air travel (3.1 percent) and a host of other categories. A decrease was recorded in the cost of...
Economy 20.12.18 | 13:22

Minimum wage covers barely a third of the cost of living

The SSM association of unions of Macedonia published its latest estimate on the minimum monthly consumer costs for a family in November and puts them at 32.545 denars (a little over 500 EUR), which is above the average net wage of 24.355 denars. According to SSM, the minimum wage of 12.165 denars (200...

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