“The living wages of a employable man increased by 4.2%, to 255.3 GEL in May compared to the same period last month,” - the National Statistics Office of Georgia (Geostat) reported.
Compared to the same period of 2021, in June 2022, the living wages for a man of working age has increased by 40.8 GEL. In June 2021, the living wage amounted to only 214.5 GEL.
According to the Geostat data, in June compared to May, the living wage of the average consumer increased by 9.1 GEL and instead of 217 GEL, it became 226.1 GEL. As for the same period last year, in June 2021, the average consumer's living wage was 190 GEL..
To be informed, the living wage is determined based on the minimum food basket. The minimum food basket is a defined normative basket of food products, which contains the amount of food physiologically necessary for the normal life and working capacity of a man of working age, constituent elements (proteins, fats and carbohydrates) and the minimum amount of calories.
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One US dollar trades at GEL 2.7436
14/05/2025
