Home / News / Increase of the Trade Union Consumer Basket in the first quarter of 2024

Increase of the Trade Union Consumer Basket in the first quarter of 2024

The Center for Education, Information and Trade Union Research published the trade union consumer basket for the first quarter of 2024

The total costs of the TUCB for the period January-March 2024 amounts to EUR 1900.00

Compared to the previous quarter, i.e. the fourth quarter of 2023 (October-December 2023), the trade union consumer basket recorded an increase in the amount of 50.00 euros, i.e. approximately 3%.

Out of a total of ten categories of costs defined by the TUCB Methodology, this quarter recorded an increase in four categories of costs, namely:

  • Food products costs - 4.31%
  • Household maintenance costs - 5.00%
  • Housing and utility costs - 6.82% and
  • Costs of purchasing products for personal hygiene and health care - 3.85%

By collecting new prices from the three largest retail chains in Montenegro for 135 groceries that are part of the food product cost categoryi.e. 130 groceries in this quarter, considering the seasonal nature of some of them, it was determined that the expenditure on food products in the first quarter of 2024. year amounts to 605.00 euros.This is the amount that a four-member family needs to meet the needs for food and drink on a monthly basis, i.e. to provide an adequate intake of calories for all four household members who have moderate physical activity on a daily basis (the average daily intake of the observed four-member household is 10,680 kcal, i.e. 2,670 kcal per member). Compared to the previous quarter, there was an increase in the amount of 25.00 euros.

The products that the household purchases as part of its current maintenance have increased in price by 5.00 euros, so in the total amount for this quarter, they make an expenditure of 105,00 euros on a monthly basis.

The situation is the same when we talk about the category of costs for purchasing products for personal hygiene and health care in which an increase of 5.00 euros was recorded on a monthly basis, so this category of costs amounts to 135.00 euros.

The increase in the mentioned costs is the result of the cancellation of the action of the Ministry of Economic Development and Tourism "STOP INFLATION 100+", which was aimed at mitigating inflation and protecting citizens from rising prices. As the mentioned action ceased to be valid on January 1, 2024, there was an increase in the mentioned categories of the TUCB costs, considering that the same date also marks the beginning of the reference period for calculating the new SPK, i.e. SPK for the 1st quarter of this year.

As the first quarter of 2024 was characterized by an increased consumption of electricity due to the need to heat households in the winter period, and as there was also an increase in the price of water supply services, the costs of housing and utilities in this period amount to 235.00 euros on a monthly basis, which represents an increase of 15.00 euros.

The rest six categories of the TUCB costs did not change compared to the previous quarter.

Tags:

Latest news

General Collective Agreement

Pocket edition of the General Collective Agreement

Current topics

0 news
Digitalization

Monitoring the digitization process in terms of the effect it has on employees and citizens who are increasingly focused on digital services.

Read more
0 news
Decent work

Security at the workplace, social protection, better prospects for personal development and social integration, and equal opportunities.

Read more
0 news
Economic and social policy

Monitoring economic and social flows at the national level, with recommendations for improving the position of all Montenegrin citizens.

Read more
0 news
Modern trade unionism

Introduction of modern technologies and tools to better connect and increase the visibility of trade union activities in the field of improving the position of trade union membership.

Read more
0 news
Just transition and climate change

Due to the global increase in renewable energy technologies over the past years, the need for a just transition has been recognized as an opportunity to turn climate challenges into opportunities.

Read more
0 news
Gender equality

The existence of equal opportunities for women and men to participate equally in all spheres of social life.

Read more
0 news
Social dialogue

Negotiation, consultation, and exchange of information between social partners on issues of common interest.

Read more
0 news
Occupational health and safety

The right to protection and health at work, i.e. provision of conditions that do not lead to work injuries, occupational diseases, and work-related diseases should be guaranteed to all employees, without exception.

Read more