Average salary in the Federation of BiH covers food costs, almost nothing remains for other needs

(Patria) - The union consumer basket calculated by the Union of Independent Trade Unions of Bosnia and Herzegovina for March 2024 amounts to 2,917.50 KM

The average salary paid in the Federation of BiH for January 2024 amounted to 1,338.00 KM (the latest data published by the Federal Institute of Statistics). The minimum wage according to the Decision of the Government of the FBiH is 619.00 KM. The coverage of the union consumer basket by the average salary is 45.86%. The coverage of the union consumer basket by the minimum wage is 21.22%.

When creating the union consumer basket, the average salary paid in the Federation of BiH and the minimum living costs of a four-member family consisting of two adults and two children, one of whom is of secondary school age and the other of primary school age, were taken into account. The consumer basket itself consists of the following categories (next to the name is the percentage share of each category in the union consumer basket):

1. Food – 43.72%

2. Housing and utilities – 13.42%
3. Hygiene and health maintenance – 8.32%
4. Education and culture – 10.62%
5. Clothing and footwear – 12.34%
6. Transport – 4.73%

7. Household maintenance – 6.85%

In the food category, prices from 3 shopping centers for 86 items were used. When it comes to hygiene and health maintenance, costs for ten items were included, and for housing and utilities, costs for six items, the union announced.