Montenegro: Consumer basket 659.2 euros in August

Montenegro: Consumer basket 659.2 euros in August

The value of the minimum consumer basket for August, according to the data of the Montenegrin Statistical Office – Monstat, amounted to 659.2 euros, which is 0.3 percent more than in July.

“Of the total value of the minimum consumer basket, expenditures for food and non-alcoholic beverages amounted to 285.4 euros, which is one percent more than in July,” the statement said.

According to these data, in August, a family of four spent 73.3 euros on milk, cheese and eggs, 61.1 euros on meat, 45.6 euros on vegetables and 31.7 euros on fruit. The least was spent on fish (3.8 euros), oil and fats (8.3 euros) and other food products (6.4 euros). They spent 27.3 euros on bread and cereals and 14.5 euros on non-alcoholic beverages.

Statisticians said expenditures on non-food products and services were 373.8 euros, down 0.3 per cent from July.

The minimum consumer basket refers to household consumption that includes food and non-food products and services, which enables the maintenance of life and working ability of household members.

The minimum consumer basket is in line with the minimum recommendations of the World Health Organization (WHO) and the 2010 U.S. Department of Agriculture Nutrition Manual (USDA Food Guide 2010) on a minimum caloric intake of 2,210 calories per day per person.

“The value of the minimum consumer basket is based on survey data on household consumption and World Bank (WB) recommendations. The value of the minimum consumer basket for a four-member household consists of the minimum monthly expenses related to food and non-alcoholic beverages and non-food products and services “, said Monstat.

Average prices in the current month and monthly quantities in kilograms for a four-member household are used to calculate the minimum expenditures related to food and non-alcoholic beverages.

Consumer price indices (CPIs) are used to calculate the value of the basket of non-food products and services.