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Sarajevo Times > Blog > BUSINESS > Trade Union Consumer Basket in BiH amounts to 3,322 BAM
BUSINESS

Trade Union Consumer Basket in BiH amounts to 3,322 BAM

Published September 12, 2023
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The trade union consumer basket in the Federation of Bosnia and Herzegovina calculated by the Federation of Independent Trade Unions of Bosnia and Herzegovina for the month of August 2023 is 3,322.90 BAM.

The average salary paid in the Federation of BiH for the month of June 2023 was 1,262 BAM, according to data from the Federal Bureau of Statistics). The minimum wage according to the FBiH Government Decision is 596 BAM.

Coverage of the Trade Union Consumer Basket by the average salary is 37.98 percent. Coverage of the trade union consumer basket by the minimum wage is 17.94 percent, according to the Association of Independent Trade Unions of Bosnia and Herzegovina.

When preparing the Trade Union Consumer Basket, the average salary paid in the Federation of Bosnia and Herzegovina and the minimum living expenses of a four-member family consisting of two adults and two children, one of whom is in high school and the other in elementary school, were taken into account. The consumer basket itself is made up of the following categories (next to the name is the percentage of participation of the individual category in the union consumer basket).

The consumer basket itself consists of the following categories: food 37.51 percent, housing and communal services 11.75 percent, hygiene and health care 8.07 percent, education and culture 17.45 percent, clothing and footwear 15.05 percent, transportation 4, 15 percent, housekeeping 6.02 percent.

In the food category, prices from three shopping centers were used for 86 items. When it comes to hygiene and health maintenance, expenses for ten items were counted, and for housing and communal services, expenses for six items.

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