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.

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Russia Real Wage Growth

Actual Previous Highest Lowest Dates Unit Frequency
2.70 3.80 27.20 -41.40 1998 - 2019 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2019-09-18 01:00 PM Real Wage Growth YoY Aug 3% 3% 3% 2.9%
2019-11-20 01:00 PM Real Wage Growth YoY Sep 3.1% 2.4% 3.4% 3.2%
2019-12-18 01:00 PM Real Wage Growth YoY Oct 3.8% 3.1% 3.5% 3.4%
2020-01-28 01:00 PM Real Wage Growth YoY Nov 2.7% 3.8% 4% 4.2%
2020-02-20 01:00 PM Real Wage Growth YoY Dec 2.7% 3.4%


News Stream
2019-12-18
Russia Real Wages Rise the Most in a Year
Real wages in Russia rose 3.8 percent year-on-year in October 2019, following a 3.1 percent gain in the previous month and beating market forecasts of a 3.5 percent advance. It was the largest increase in real wages since November 2018, as average nominal wages climbed 7.7 percent to RUB 46,549 while annual inflation was 3.8 percent.

2019-11-20
Russia Real Wages Rise at Faster Pace in September
Real wages in Russia rose 3.1 percent year-on-year in September 2019, following a revised 2.4 percent gain in the previous month and missing market forecasts of a 3.4 percent increase. It was the biggest advance in real wages since April, as average nominal wages climbed 7.2 percent to RUB 45,541 while annual inflation was 4.0 percent. Rosstat started publishing data on wages with a one-month delay.

2019-09-18
Russia Real Wages Rise 3% in August
Real wages in Russia increased 3 percent year-on-year in August of 2019, the same as in the previous month and in line with market expectations. Average nominal wages climbed 7.4 percent to RUB 45,100 while annual inflation was at 4.3 percent, its lowest since December 2018.

2019-08-19
Russia Real Wage Growth Beats Estimates
Real wages in Russia rose 3.5 percent year-on-year in July of 2019, following an upwardly revised 2.9 percent gain in the previous month and beating market forecasts of a 2.3 percent increase. It was the biggest gain in real wages since November 2018. Average nominal wages surged 8.2 percent to RUB 45,900 while annual inflation was at 4.6 percent.


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