Most countries have a nation-wide minimum wage that all workers must be paid. 03 and those in Geography & Geodesy positions (LVL 6,500). Inflation Rate YoY In July 2020, compared to July 2019, the average level of consumer prices increased by 0.5 %. Inflation bucked the trend of recent months by climbing in July, according to figures released August 10 by the Central Statistical Bureau (CSB). Also, prices continued to fall for transport (-9.6 percent vs -7.5 percent); housing & utilities (-1.5 percent, the same as in April); clothing & footwear (-2.9 percent vs -1.8 percent) and education (-0.5 percent, the same as in April). The minimum wage in Latvia is determined by the State. Toolbar. Average Salary in Latvia - Job and Sector Comparison. Wages in Latvia averaged 404.33 EUR/Month from 1997 until 2020, reaching an all time high of 846 EUR/Month in December of 2019 and a record low of 113 EUR/Month in January of 1997. It was the highest inflation rate in four months, boosted by higher cost of food & non-alcoholic beverages (2.8 percent vs 1.0 percent in June) namely fresh fruit (+19.6 percent) and dried, salted or smoked meat (of +8.3 percent). Average net wages and salaries (calculated based on labour taxes applicable on workplace) comprised EUR 793 or 73.7 % … Salesmen or Saleswomen earn a gross annual average of LVL 5,166, while Junior Accountant earn LVL 8,740. august 10, 13:09 Latvia had the worst economic performance in 2009, with annual growth rate averaging −18%. Latvia's minimum wage was last changed in 1-Jan-2016. Minimum Wage.
Lower average gross salaries in the Latvia are earned by those In Latvia, wages are benchmarked using average monthly earnings. Although the price rise during the month was unusual for July, this time, in addition to seasonal factors and price changes characteristic to the month, an increase of trade activity as a result of the elimination of COVID-19 restrictions had a significant impact, according to the CSB.The greatest pressure on the price changes was put by the rise in prices of goods and services related to transport, food and non-alcoholic beverages, spirits and tobacco products, health care, as well as by the drop in prices of clothing and footwear, goods and services related to housing. Statistics database. Figure 1: Changes of average net wages and salaries and consumer price index, 1995-2007, in … It was the largest decline in consumer prices since May 2016, as cost eased for food & non-alcoholic beverages (2.5 percent vs 3.2 percent in April); recreation & culture (1.1 percent vs 2 percent); restaurant & hotels (2.6 percent vs 2.9 percent); health (2.2 percent vs 2.8 percent); and miscellaneous goods & services (0.9 percent vs 1.1 percent). In accordance with article 107 of the Constitution, "every employed person has the right to receive, for work done, commensurate remuneration which shall not be less than the minimum wage established by the State, and has the right to weekly holidays and a paid annual vacation." 02 The bubble burst leading to a rapidly weakening economy, resulting in a budget, wage and unemployment crisis. Average salary in Latvia is Central Statistical Bureau of Latvia .
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