Russia mulling to abolish consumer basket

Mintrost of Russia proposed to abolish the Institute of Consumer Basket. The appropriate draft of the departments is posted on the federal portal of projects of regulatory acts.

Also, the ministry was offered to exclude the quarterlyness of the establishment of the subsistence minimum in Russia. Now the subsistence minimum of Russian citizens is determined not by the consumer basket, but according to median income. Regarding this amount, half of the population has incomes above, the other is lower. The agency argue that the cost of living will depend on the level of income of most Russians and increase as they grow.

“New technique is more progressive, it eliminates manipulations with the cost of consumer basket due to the inclusion of cheap goods or services that may not be used,” said the Vice-Rector of Financial University under the Government of Russia Alexander Safonov in a conversation with the Russian newspaper. .

On January 1, the law on the new method of calculating the minimum wage (minimum wage) and the subsistence minimum entered into force. Now these indicators are determined based on the consumer basket, but from median average per capita income. The law prohibits reducing the brand, even with a decrease in the median wage.

/Media reports.