• 27/02/2024 14:39

Raising the minimum wage in 2024: how the changes affected the purchasing power of Ukrainians

ByJohn Newman

Jan 18, 2024

With the advent of the new year, the size of the “net” minimum remuneration for labor (salary) has increased in our country – up to 5,715.5 hryvnia, which is 6 percent more than in January last year (5,393 .5 hryvnia).

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 Increasing the “minimum wage” in 2024: how the changes affected the purchasing power of Ukrainians

Photo – novyny.live

About  , what list of products will an ordinary citizen of Ukraine be able to afford on this modest salary, in comparison with the year 2023, writes NBN, citing material from the Picodi Internet portal.

As an example, a conditional consumer list was taken, including bread, milk and other food products that satisfy the minimum needs of an adult, and this is:

  • 10 liters of milk —379 hryvnia;
  • 10 loaves of bread—241 hryvnia;
  • 1.5 kilograms of rice cereal—88 hryvnia;
  • 2 dozen chicken eggs— 120 hryvnia;
  • 1 kilogram of hard cheese—300 hryvnia;
  • 6 kilogram of pork/beef—139 hryvnia;
  • 6 kilograms of apples/bananas/citrus — 291 hryvnia;
  • 8 kilograms of tomatoes/onions/garlic/potatoes—260 hryvnia.

The total cost of the above set of products in the current month amounted to 2818 hryvnia, which is 21.9 percent more than last year—expenses amounted to 49.3 percent of the “minimum wage” after taxes. At the same time, in 2023 this ratio was set at 42.8 percent. Thus, the inflation rate in Ukraine exceeded the growth dynamics of the minimum wage.

Increasing the minimum wage in 2024: how the changes affected the purchasing power of Ukrainians

Earlier we&nbsp ;they wrote about at what prices shops sell food in captured Mariupol.

nbnews.com.ua

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