How much money do you need to live in Georgia?
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The amount of money a person needs to support themselves in Georgia is slowly rising.
Figures from Geostat, the National Statistics Office of Georgia, revealed the country’s minimum subsistence level had slightly increased in the past 30 days, as well as the same time in 2014.
Figures showed the minimum subsistence level for an able-bodied male in May 2015 was almost 162 GEL. This was about nine GEL higher than in May 2014, where the minimum subsistence level was 153.5 GEL.
For the average consumer, the minimum subsistence level was 143.4 GEL. Last month this figure was 142.2 GEL, while in May 2014 a person needed 135.9 GEL to survive.
For an average family the minimum subsistence level reached 271.6 GEL in May this year.
As for households, the minimum amount of money needed to survive was:
- For a one-person household – 143.4 GEL
- For a two-person household – 229.4 GEL
- For a three-person household – 258.1 GEL
- For a four-person household – 286.8 GEL
- For a five-person household – 322.6 GEL
- For a six or more person household – 381.4 GEL
Geostat calculated the average subsistence rate based on the 2015 consumer basket.
The composition of the updated 2015 consumer basket was identical to the consumer basket of 2014, which contained 295 items. Each year the weight of the products and services were updated to reflect any price changes.
The consumer basket was used to calculate the Consumer Price Index - the inflation rate in the country - which reflected the structure of consumption of products of an average consumer in the country.
Meanwhile, Georgia’s annual inflation rate is dropping but the monthly inflation rate is on the rise.
Geostat revealed the monthly inflation rate in Georgia reached 0.6 percent in May 2015, while the annual inflation rate equalled 3.5 percent.
To compare, April data noted the monthly inflation rate in Georgia reached 0.3 percent, while the annual inflation rate equalled 2.5 percent.
The country’s annual inflation rates is dropping, however the monthly inflation rate is on the rise.
The National Statistics Office of Georgia, Geostat, has released the 2015 consumer basket, which contains 295 items.
The cost of some basic food items in Georgia is dropping thanks to a slight fall in the monthly inflation rate while the prices on manufacturing, chemical products and tobacco are on the rise.
The cost to manufacture food and to buy chemical products and tobacco are on the rise in Georgia, however prices of some food items are dropping thanks to a slight fall in the monthly inflation rate.
The cost of living in Georgia is becoming more expensive as health-related costs and prices of food, drinks and tobacco continue to rise.
The amount of money a person needs to support themselves in Georgia is slowly decreasing; a shock contrast to recent months.
The country’s inflation rate is increasing following price changes of several major commodities in the consumer basket.
Georgia’s monthly inflation rate is increasing slightly while the annual inflation rate is dropping following price changes of several major commodities in the consumer basket.
Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket.
The amount of money a person needs to support themselves in Georgia is slowly increasing month-on-month.
Georgia’s monthly inflation rate is slightly dropping while the annual inflation rate is on the rise following price changes to several major commodities in the consumer basket.
Life is getting expensive, but just how expensive is it to live in Georgia? While the minimum amount of money needed to survive in Georgia is increasing, latest statistics show the cost of some basic food items is dropping thanks to a slight fall in the monthly inflation rate.
Georgia’s minimum subsistence level (amount of money a person needed to support themselves) is slightly lower in December 2015 than the previous month.
The minimum cost of living is slightly increasing in Georgia month-on-month, meaning a person needs more money to support themselves.
A person needs a minimum of $70 USD to support themselves in Georgia, reveals official figures.
A person needs a minimum of $71 USD to support themselves in Georgia, reveals official figures.