Living standard in Serbia getting worse

According to the latest data, every eighth person in Serbia is living on the edge of poverty, with about RSD 9,000 (about EUR 100) of spending money per month.

Izvor: B92

Sunday, 16.08.2009.

10:07

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According to the latest data, every eighth person in Serbia is living on the edge of poverty, with about RSD 9,000 (about EUR 100) of spending money per month. From September of last year to March of this year, the number of employed persons in Serbia decreased by 133,000. Living standard in Serbia getting worse Many people cannot afford most things they see in the supermarket, despite the fact that government officials are always reminding the public that Serbia has some of the lowest prices in all of Europe. The government has created a working group which is expected to help those who have either already lost their jobs or are about to. The middle class that has finally formed after years of poverty and sanctions is forced to spend a lot more responsibly. “The trend of buying kitchen appliances has decreased by about 20 percent. More expensive food is selling less and there is a trend for decreased sales of cheaper food as well. Strategic articles are being bought—sugar, oil, flour, salt,” Merkator-Roda retail store official Ljubisa Blagojevic said. Since the crisis arrived, consumers are closely following sales in order to save money. Economists say that the several financial crashes since the beginning of the year have driven people back into poverty. “This is a depression, a strong depression for the beginning of the year because of the crisis. Prices are still increasing and Serbia still has the largest inflation rate in Europe in the first seven months of the year,” Economic analyst Ivan Nikolic said. However, there are still people who are able to buy everything they want to in Serbia. Workers of an upscale cosmetics store in Belgrade told B92 that their EUR 300 facial cream is still selling very well. (Beta archive)

Living standard in Serbia getting worse

Many people cannot afford most things they see in the supermarket, despite the fact that government officials are always reminding the public that Serbia has some of the lowest prices in all of Europe.

The government has created a working group which is expected to help those who have either already lost their jobs or are about to.

The middle class that has finally formed after years of poverty and sanctions is forced to spend a lot more responsibly.

“The trend of buying kitchen appliances has decreased by about 20 percent. More expensive food is selling less and there is a trend for decreased sales of cheaper food as well. Strategic articles are being bought—sugar, oil, flour, salt,” Merkator-Roda retail store official Ljubiša Blagojević said.

Since the crisis arrived, consumers are closely following sales in order to save money.

Economists say that the several financial crashes since the beginning of the year have driven people back into poverty.

“This is a depression, a strong depression for the beginning of the year because of the crisis. Prices are still increasing and Serbia still has the largest inflation rate in Europe in the first seven months of the year,” Economic analyst Ivan Nikolić said.

However, there are still people who are able to buy everything they want to in Serbia. Workers of an upscale cosmetics store in Belgrade told B92 that their EUR 300 facial cream is still selling very well.

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