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Subsitnace Minimum Up To GEL 224 Due To The Record High Inflation

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Natia Taktakishvili
16.11.21 14:00
328
Subsistence minimum for working age male amounted to GEL 224.2 in October 2021, which was GEL 36.5 or 19% more compared to the same period of the last year, - show data from the National Statistics Office of Georgia (Geostat).

The increase in the subsistence minimum is related with high inflation, as inflation rate hit a record high in October for the last 10 years - 12.8%. Prices are mostly grown on foods, which amounts to 18.4% y-o-y.

As of October, subsistence minimum for average consumer was GEL 198.5, which is an increase of GEL 32.3 compared to the previous year.