Real wages in Russia edged up 0.1 percent year-on-year in August of 2020, easing from a 2.3 percent rise in the previous month and missing market expectations of a 1.5 percent gain. Average nominal wages climbed 3.7 percent to RUB 47,649 and annual inflation was 3.7 percent.

Wage Growth in Russia averaged 5.54 percent from 1998 until 2020, reaching an all time high of 27.20 percent in December of 2001 and a record low of -41.40 percent in January of 1999. This page provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Real Wage Growth - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Federal State Statistics Service

Wage Growth in Russia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Wage Growth in Russia to stand at 1.70 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Russia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
0.10 2.30 27.20 -41.40 1998 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-07-17 04:00 PM May 1% -2% -3.5% -3.2%
2020-08-20 04:00 PM Jun 0.6% 1% 0.1% -0.2%
2020-09-18 04:00 PM Jul 2.3% 0.6% 0.1% 0.1%
2020-10-20 04:00 PM Aug 0.1% 2.3% 1.5% 1.7%
2020-11-20 04:00 PM Sep 0.1% 0.5%
2020-12-18 04:00 PM Oct


News Stream
Russia Real Wages Barely Rise in August
Real wages in Russia edged up 0.1 percent year-on-year in August of 2020, easing from a 2.3 percent rise in the previous month and missing market expectations of a 1.5 percent gain. Average nominal wages climbed 3.7 percent to RUB 47,649 and annual inflation was 3.7 percent.
2020-10-20
Russia Real Wages Climb 2.3% YoY in July
Real wages in Russia rose 2.3 percent year-on-year in July of 2020, accelerating from a 0.6 percent increase in the previous month and beating market forecasts of a 0.1 percent gain. Average nominal wages climbed 5.7 percent to RUB 49,844 while annual inflation was 3.4 percent.
2020-09-18
Russia Real Wages Rise More than Forecast
Real wages in Russia rose 0.6 percent year-on-year in June 2020, easing from a 1.0 percent gain in the previous month and beating market forecasts of a 0.1 percent increase. Average nominal wages climbed 3.8 percent to RUB 52,123 while annual inflation was 3.4 percent, the highest since November 2019.
2020-08-20
Russian Real Wages Unexpectedly Rise in May
Real wages in Russia increased 1 percent year-on-year in June of 2020, recovering from a 2 percent drop in the previous month and against market expectations of a 3.5 percent fall. Nominal wages rose 4 percent to RUB 50,747 while annual inflation was up 3 percent.
2020-07-17

Russia Real Wage Growth
In Russia, Real Wage Growth measures the year-on-year change in average monthly wages adjusted for inflation.