Real wages in Russia rose by 2.6 percent year-on-year in February of 2022, up from a 1.9 percent advance in the previous month and well above market estimates of a 0.9% increase. Average nominal wages climbed 12 percent to RUB 57,344 while inflation was at 9.20 percent. source: Federal State Statistics Service
Wage Growth in Russia averaged 5.35 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 May of 2022.
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 2.30 percent in 2023, according to our econometric models.