Real wages in Russia went down 1.2 percent year-on-year in August of 2022, following a 3.2 percent decline in July, marking the fifth consecutive drop in wages. Meanwhile, average nominal wages rose 12.9 percent from a year earlier to 59,907 roubles. source: Federal State Statistics Service
Wage Growth in Russia averaged 5.19 percent from 1998 until 2022, 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 November of 2022.
Wage Growth in Russia is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Real Wage Growth is projected to trend around -1.50 percent in 2023 and -2.00 percent in 2024, according to our econometric models.