3.5% decline in living standard of average statistical employee in  Armenia 

ArmInfo.The last year has seen a 3.5% decline in the living standard of the average statistical employee, Armenian Center for Socio-Economic Studies (ACSES) reports on its Facebook page. 

The analysis of living standards of middle-income employees shows  that the annual nominal wage was 2.8mln in 2022, a 16% rise as  compared with 2021. 

The annual cost of the minimum consumer basket was AMD 830,000 - a  20% increase as compared with 2021. 

In 2021, an employee receiving average monthly wages was capable of  providing for minimum consumer needs of 3.53 adults, whereas last  year this index was 3.41. 

"In this respect, other conditions being equal, the living standards  of the average statistical employee declined by about 3.5%," the  analysis reads.