ESTIMATES OF SUBSISTENCE MINIMUM BASKETS AND SOCIAL MINIMUM BASKETS FOR 2020

The article presents the results of estimates of the subsistence minimum (ME) as well as social minimum baskets (MS) in 2020. Both indicators are important for assessing the well-being of households. The subsistence minimum (ME) sets out a model way of satisfying needs at the minimum level below which there is a biological threat to life. The social minimum, in turn, represents the model cost of living for households that are beginning to be threatened by the realm of deprivation. Between these two extremes, the sphere of deprivation spreads, in different faces. Compared to the 2019 data, the values of the subsistence minimum (ME) in 2020 for a 1-person household and a 4-person household increased by 4.1% and by 4.6% respectively, with inflation of 3.4%. The values of the social minimum (MS) baskets for these households increased by 4.4% and 4.7%. These increases were mainly influenced by higher prices of foodstuffs and the costs of housing and energy.