Purchasing power of employees and pensioners
Data on purchasing power of employees and pensioners give information on goods, which a pensioner or employee could purchase, if using all monetary means to acquire one good.
Terms and definitions
Purchasing power of employees
The amount of goods (in kilograms, litres, pieces and other units) an employee would be able to buy if he/she used up his/her net monthly wages and salaries solely for the acquisition of a certain kind of product.
Purchasing power of pensioners
Data collection and statistical processing
Survey method and data source
Calculations on purchasing power of employees are based on CSB quarterly reports on activities of commercial companies, individual merchants, institutions, foundations, associations and funds (2-Labour, 2-Labour (short), 2-Labour-Local Municipalities), administrative data sources and CSB sample survey on consumer prices.
Survey on purchasing power of pensioners is based on the data of the Ministry of Welfare Social Insurance Agency annual report “Report on number of pension and benefit recipients, average amount of pensions and benefits paid and total expenditure during the reference period” and results of the CSB sample survey on consumer prices.
The purchasing power of employees is calculated by dividing the monthly average net wage and salary by the average retail price of one commodity unit.
The purchasing power of pensioners is calculated by dividing the average monthly old age pension paid by the average retail price of one commodity unit.
Contact persons on methodology
Social Statistics Data Compilation and Analysis Section