The value of the minimum consumer basket for September, according to Monstat data, was EUR 847.4, which is 8.4 percent more compared to the same period last year.
Of this, 397.5 EUR was related to food and non-alcoholic beverages, and 449.9 EUR to non-food products and services.
“Expenditures for food and non-alcoholic beverages and expenditures for non-food products and services in September, compared to the same period last year, increased by 8.4 percent”, the announcement states.
Monstat announced that the total value of the minimum consumer basket for July was 824.2 EUR, and for August 841.1 EUR.
The minimum consumer basket refers to household consumption that includes food and non-food products and services, needed by a four-member household to meet the minimum needs defined by the amount of calories per person, which is considered adequate to meet the energy needs for maintaining health and performing light physical activity.
The minimum consumer basket is in accordance with the minimum recommendations of the World Health Organization (WHO) and the Nutrition Manual of the United States Department of Agriculture in 2010 (USDA Food Guide 2010) on the minimum caloric value of food intake in the amount of 2.21 thousand calories per day per person.
“The value of the minimum consumer basket is based on household consumption survey data and World Bank (WB) recommendations. The value of the minimum consumer basket for a household of four consists of the minimum monthly expenses related to food and non-alcoholic beverages and non-food products and services”, Monstat said.
Average prices in the current month and monthly quantities in kilograms for a household of four are used to calculate the minimum expenses related to food and non-alcoholic beverages.
Consumer price indexes (CPI) are used to calculate the value of a basket of non-food products and services.
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