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Monday 25.06.2018 | Name days: Maiga, Milija
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Subsistence minimum reaches new record – 177.26 LVL

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Subsistence minimum reached 177.26 LVL in June, which is a record-high index, information from the Central Statistical Bureau of Latvia states.

The previous historic maximum of the subsistence minimum was recorded in June 2011 – 176.63 LVL.

Compared with May, subsistence minimum index in June increased by 0.56%. In May, the minimum subsistence level was 176.26 LVL.

Subsistence minimum was 173.47 LVL in January 2012, 173.38 LVL in February, 174.4 LVL in March, and 175.78 LVL in April.

This index was 172.3 LVL in December 2011; 172.05 LVL in November; 172.75 LVL in October; 172.25 in September; 172.14 LVL in August and 174.27 LVL in July.

The contents of the full subsistence minimum basket of services and goods were approved with the April 8, 1991 decision of the Council of Ministers. This basket does not include alcoholic beverages, tobacco products and luxurious goods.

The value of goods included in the basket is recalculated on a monthly basis by the Central Statistical Bureau of Latvia. Subsistence minimum is calculated per average Latvian resident, not dividing residents by sex, age or territory.

The full subsistence minimum basket of goods contains the following food products: bread, cereal and bakery products, meat and meat products, fish and products, milk and dairy products, eggs, oil, grease, fruit, berries, vegetables, sugar, honey and other sweets and soft drinks.

The full subsistence minimum basket of goods contains the following non-food products: men, women and children’s clothing, footwear, household maintenance and repair materials, home appliances, other electrical goods, personal effects, furniture, textiles flat, dishes and kitchen utensils, gardening equipment, detergents, vehicle purchases, cosmetics and hygiene products, personal accessories, medicine, writing utensils, newspapers, magazines, books, leisure and sports equipment, and toys.

The full subsistence minimum basket of services includes the following: clothing, shoe repair, rent, electricity and heating fees, household services, utilities, postal and telecommunication services, public transport costs, municipal, cultural and other services.

Ref: 103.109.109.2570


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