Fundamental analysis by علی ربیعی | Ali Rabiei about Stock رفاه on 7/8/2024

How does inflation negate the effect of salary increases? In June, the ratio of the food basket determined by the Ministry of Welfare to the minimum wage has reached 54%, which has increased by 2% compared to May. It means that a family of 4 people who receives a minimum salary must spend more than half of their monthly income on buying food. Since many families have expenses such as paying housing rent in their basket, providing a standard food basket has become impossible for many households. The share of the mentioned food basket from the minimum salary of June 1402 was equal to 57%. One of the important reasons for the decrease in the share of the food basket from the minimum wage in June of this year compared to last year is that the increase in the minimum wage this year was more than last year. 🔹 However, despite the continuation of the current trend of #inflation growth and considering that the fixed salaries are fixed, soon the effect of the increase in the minimum salary this year was neutralized and the contribution of the minimum salary to the food basket increased. In such a situation, inflation control can greatly help to increase the welfare of minimum wage earners. 📲 @alirabiei_me 🌐 alirabiei.me