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Subsistence Minimum Hit A Record High – What Are The Reasons?

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Natia Taktakishvili
15.03.22 14:00
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Subsistence minimum for working age male amounted to GEL 231.3 in February 2022, which was GEL 34.21 or 17% 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 for the last 10 years – 13.7%. Prices are mostly grown on foods, which amounts to 17.3% y-o-y.

As of October, subsistence minimum for average consumer was GEL 204.9, which is an increase of GEL 30.2 compared to the previous year.

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