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.

Latest news

SPK dostigla iznos od 2.000 eura

Centar za edukaciju, informisanje i sindikalna istraživanja utvrdio je sindikalnu potrošačku korpu (SPK) za III kvartal 2024. godine. Ukupna vrijednost SPK-a za period jul-avgust-septembar 2024. godine iznosi 2.000,00 eura. U poređenju sa prethodnim kvartalom, odnosno drugim kvartalom 2024. godine, sindikalna potrošačka korpa bilježi rast u iznosu od 130,00 eura, odnosno 6,95%. Od ukupno deset kategorija […]

SPK bilježi blagi pad u II kvartalu 2024.

Centar za edukaciju, informisanje i sindikalna istraživanja utvrdio je sindikalnu potrošačku korpu (SPK) za II kvartal 2024. godine. Ukupna vrijednost SPK-a za period april-maj-jun 2024. godine iznosi 1.870,00 eura. U poređenju sa prethodnim kvartalom, odnosno prvim kvartalom 2024. godine, sindikalna potrošačka korpa bilježi pad u iznosu od 30,00 eura, odnosno 1,58%. Od ukupno deset kategorija […]

Research on the position of freelancers

Focus group analysis