In June, the average nominal wage in Russia increased by 9%, to 38.6 thousand rubles – BBC

According to Rosstat, in June, the average monthly wage in the country amounted to 38,590 rubles. – It is 9% more than in June last year. Over half of the increase was 7.8%. In real terms (adjusted for inflation) Rosstat recorded zero wage growth

Commenting on the results of six months, the Minister of Labour and Social Development Maxim Topilin noted that “in recent months, a positive trend – a gradual increase in real wages.” <. / p>

In the first half of the year, real wages have stabilized at the level of the same period of 2015. A year ago, the situation was much worse. In the first half of last year, real wages fell by 8.8% compared to the first half of 2014

«It is said, that companies and organizations are gradually moving from the “payroll” of the crisis and find funds for material incentives “- summed up Maxim Topilin

<-.! place 9700715, / business / 2016/07/19/9700715 .shtml, nm2015 / v2 / article / incut, incut1_link ->

Earlier, in an interview with “Gazeta.ru” economic development Minister Alexei Ulyukayev said that nominal wage growth resumed in March. Analysts believe that the expected slowdown in the annual inflation rate in the second half of the salary will continue to grow.

«In the second half of 2016. If the end of June it was at 7.5% by the end of the year, according to forecasts, inflation should amount to 6,0-6,3%. This will support the annual dynamics of real wages, which is expected to grow in the second half of 2016. This factor has a positive impact on the retail trade statistics in the second half of 2016 “, – analysts believe Sberbank CIB

The inflation may be on the end of the year, and below the Bank of Russia expects it at the level of 5-6%.. As for consumer demand, it is still in the first half of this year, retail sales continued to fall, down to the same period in 2015 by 5.7%, while in June to June fell by 5,9%.

The Russians are still saving mode, sociologists and analysts. Wage growth should ideally stimulate the population to increase purchases. But the question is, due to what happened in the first half of this growth.

Analysts “VTB Capital” put forward three hypotheses. Firstly, it can be bonuses that were paid to management and employees in the first half. Secondly, the increase may be a statistical error, which then will be eliminated

<-.! Place 8378921, / business / 2016/07/07 / 8378921.shtml, nm2015 / v2 / article / incut, incut2_link - >

The most interesting is the third version. Wages grew at the expense of increasing the rate of growth of income of the highest-paid population, analysts “VTB Capital».

They are, in particular, point out that, historically, the dynamics of retail trade turnover and real wages was closely associated. But this year, the pace of real wage growth exceeded the zero mark in February and since then (with the exception of April) remain positive, while the retail trade turnover continued to decline YoY, and its decline in June, only slightly slowed down.

«One of the reasons for this gap in the dynamics could be the acceleration of revenue growth higher paying part of the population, are more inclined to increase savings rather than spending.

this is supported by the fact that, according to the Bank of Russia, in May, the total volume of ruble deposits increased by 15.7% year on year “, -. analysts said in a review

If the analysts are right in their assumptions , the growth rate of wages may be slightly reduced in the future, and the turnover of retail trade in the best case will come to zero in the second half of the year

<-.! place 8368913, / business / 2016/07/05 / 8368913.shtml, nm2015 / v2 / article / incut, incut3_link ->

His contribution is negative and the state. Pushing the Ministry of Finance in the government policy of fiscal consolidation, which involves freezing and reducing costs. This year, they are expected to reach 15.78 trillion rubles. against 16.1 trillion rubles., budgeted. Public sector wages are not indexed, and retired in February increased payments by 4%, while inflation in 2015 amounted to 12,9%.

It should be noted that the companies (as opposed to government) there is scope for higher wages. In the past year, wages fell by 9% in real terms, but domestic companies received a record profit. Net financial result (profit minus loss) of organizations (excluding small businesses, banks, insurance companies and budgetary institutions) in current prices amounted to 8.422 trillion rubles., Which is 53% more than in 2014. During the year, 39.6 thousand. Companies made a profit of $ 11.254 trillion rubles., And 15.4 thousand. Companies had losses in the amount of 2.832 trillion rubles.

But the business is not in a hurry to compensate for inflation loss to employees. Like in no hurry to get out of the investment pause. In general, the behavior of companies similar to the population’s survival strategy: spend less, save more than. When will the scrapping of this trend is not yet clear.