Real wages in Russia rose by 2.7% year-on-year in March 2023, below market expectations of a 3.6% growth. It was the sixth consecutive month of real wage increases and the biggest since March 2022. Meanwhile, average nominal wages advanced 6.3% from a year earlier to 71,334 roubles. The annual inflation rate in Russia was at 3.5% in March of 2023, the lowest since July 2020. source: Federal State Statistics Service
Wage Growth in Russia averaged 5.08 percent from 1998 until 2023, 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 2023.
Wage Growth in Russia is expected to be 0.90 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 2024 and 1.80 percent in 2025, according to our econometric models.