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Turnover in retail stores RS | Info

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Turnover in retail stores RS |  Info

Statistically, there was an increased turnover in the retail trade of food, beverages, tobacco and fuel compared to the previous period.

Source: Envato/ThamKC

Total turnover in retail trade in his wife 2024. year in the Republic of Srpska compared to February 2024, observed in current prices, is higher by 16.4 percentwhile in constant prices it is higher by 15.2 percent.

The turnover in the retail trade of food, beverages and tobacco, observed in current prices, is higher by 14.2 percent, while the turnover in the trade of fuels and lubricants is higher by 15.1 percent, the Bureau of Statistics announced.

“The retail trade turnover index in the period January-March 2024 compared to the same period in 2023 is nominally higher by 11.4%, while in real terms it is higher by 10.4%. Total deseasonalized turnover in retail trade in March 2024 . compared to February 2024, it is 1.8% lower in current prices, 2.1% lower in constant prices. it is stated in the announcement.

Economists have predicted that the increase in the minimum wage in Republika Srpska will lead to an increase in the average salary, consumption in retail, and therefore increased tax revenues.

In the first quarter of this year, the Tax Administration of the Republic of Srpska collected KM 1.048 billion, which is KM 123.6 million or 13 percent more compared to the first three months of last year.

(WORLD)

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