Real wages in Russia increased 1.5 percent year-on-year in August of 2021, easing from a 2.2 percent gain in July and missing market expectations of 3.5 percent. It was the lowest rise in wages since January, as average nominal wages climbed 8.3 percent to RUB 52,355 while inflation advanced 6.7 percent. source: Federal State Statistics Service
Wage Growth in Russia averaged 5.42 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 November of 2021.
Wage Growth in Russia is expected to be 1.90 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 2.00 percent in 2022 and 2.30 percent in 2023, according to our econometric models.