12:01 Rosstat: The real incomes in Russia fell 20 months in a row – Pskov News Feed

20.07.2016 12:01 ITT, Pskov

 Real disposable income of the population (funds that remain after all the mandatory payments, and can be spent or set aside) by the end of June fell again by 4.8%, according to Rosstat.

 As NEWSru.com writes the fall of this indicator is observed the 20th month in a row, a record of all the time covered by the available data on the site office.

 Last time the growth of real (ie inflation-adjusted) income was recorded in October 2014. Since then, their cumulative rate fell by almost 10%.

 Falling for the entire 2015 was 4.3% in January – 5.7%, in February – 4.3%, in March – 1.3% in April – 7%, in May – 6.2%; for half a year – 5%

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 Reducing the income of the population continues despite the fact that wages have resumed growth: the average monthly wage increased by 9% in nominal terms – up to 38.59 thousand rubles, with inflation-adjusted growth amounted to 1,4%

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 Ministry of Economic Development in this case believes that prices in Russia in the next two years will grow faster than wages, as a result of real incomes will fall. By the end of fall by 1.5%, revenues in 2016, the year the Russians pay – on 2,8%

Source: Pskov News Release

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