Real wages in Russia rose 0.1 percent year-on-year in January 2021, after increasing 4.6 percent in the previous month and compared with market expectations of a flat reading. Average nominal wages climbed 5.3 percent to RUB 49,516 in January while annual inflation was 5.2 percent, the highest since April 2019. source: Federal State Statistics Service
Wage Growth in Russia averaged 5.47 percent from 1998 until 2021, 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 April of 2021.
Wage Growth in Russia is expected to be 1.20 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 1.90 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.