Friday, February 19, 2016

In Russia, the accelerated drop in real incomes – RBC

Photo: REUTERS 2016

in January 2016 the Russians revenues fell annualized rate of 6.3%. At the same time in the last month of the last year they have decreased by only 0,8%

The real disposable income of Russians (funds which remain after payment of obligatory payments and can be spent on their own needs or postponed for the future) fell in January 2016 in comparison with January 2015 by 6.3%, the materials Rosstat

Thus, the drop in real incomes of Russians again accelerated sharply -. they fell by only 0.8% in December last year. While for the whole 2015 the real incomes of Russians fell faster than this January only twice -. In November (-6.5%) and May (-7,3%)

The reduction of real income continues despite the fact that comparing their current level is necessary to have fallen indicators. According to Rosstat, falling incomes of Russians is more than a year in a row, the last time they grew at an annual rate marked in October 2014.

Earlier, the press secretary of the President of Russia Dmitry Peskov expressed his disagreement with those who speak of . sharp decrease in incomes of Russians

«Your wording [of the sharp decline in incomes of the population] – hardly it is possible to agree with the point of view too much [of falling revenues],” – Peskov said when asked about the authorities’ actions to prevent a sharp drop in incomes of Russians.

at the same nominal calculating the average Russian income slightly increased. In January 2016, they amounted to 21 thousand. 365 rub., Which is 3% more than it was a year earlier. Recall, however, that only in the past 12 months, consumer prices in Russia increased by almost 10%.

The average monthly salary at the end of January 2016 amounted to 32 thousand. 122 rub., Which is 3.1% more than in the first month of 2015. But real wages, that is, the purchasing power of the money received from the employer was reduced in the same month by 6.1%. Compared to last year decline in real wages slowed down, which apparently is due to the low base effect. For comparison, in January last year, the real wages of the average Russian worker fell by 8.4%, and for 2015 as a whole – on 9,3%

Earlier, deputy head of the Ministry of Labor of Love Eltcova predicted that the level of 2014. , the Russians will return only real wages in 2018.

in addition, the rise in unemployment aggravates the situation. According to Rosstat, on the results of January 2016 the number of unemployed in Russia reached 4.428 million people, or 5.8% of the economically active population. Compared with January 2015, the total number of unemployed in Russia grew by 6.2%, compared with December 2015 – by 0.1%.

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