Tag: cost of living
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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