Real wages in Russia increased 2.7 percent year-on-year in November 2019, following a 3.8 percent gain in the previous month and missing market estimates of a 4 percent advance. It was the smallest increase in real wages since last August, as average nominal wages went up 6.3 percent to RUB 46,285 while annual inflation was 3.5 percent.
Wage Growth in Russia averaged 5.62 percent from 1998 until 2019, 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. source: Federal State Statistics Service
Wage Growth in Russia is expected to be 2.40 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 3.00 in 12 months time. In the long-term, the Russia Real Wage Growth is projected to trend around 2.50 percent in 2020, according to our econometric models.