Puzzle by Rosstat: Wages are rising, profits are falling – Finanz.ru

In Russia, the second consecutive month fixed wage growth, while rapid reduction of incomes. Such data are published in the Federal State Statistics Service on Wednesday.

 
 In July, the real disposable income of Russians (that is, the money that remains after all the mandatory payments, and can be spent or set aside) for the month fell by 7%. <-! Sh_cad_2 ->

 
 The continuous drop in this indicator the official statistics record the 21 th month in a row – a record of all the time covered by the available online data of Rosstat. <-! Sh_cad_3 ->

 
 Since October 2014, the (growth in the last month) cumulative incomes fell by almost 20%. <-! Sh_cad_4 ->

 
 Real wages in the same period decreased by 7,8%.

 
 In the past two months, however, – the first time since the crisis began – this indicator shows growth.
 
 In nominalnomy terms the average salary in the country in July jumped 7.8%, to 36.5 thousand rubles. <-! Sh_cad_5 ->

 
 Although almost all eaten up by inflation increase, the final adjusted for price growth rate still remained positive – 0.6% year-to-year. <-! Sh_cad_6 ->

 
 It is likely, is a small stratum of people getting rich while the vast majority of people’s incomes are falling, analysts say. <-! Sh_cad_7 ->

 
 The answer provided by Rosstat statistical puzzle lies in increasing inequalities among the population, which “is the result of the public sector wage freeze in 2015,” said the chief economist at Alfa Bank Natalia Orlova (quoted by Bloomberg). <-! Sh_cad_8 ->

 
 As long as state employees and retirees income “frozen”, held in the state-owned companies indexation of wages, noted in Raiffeisenbank. <-! Sh_cad_9 ->

 
 “The observed increase in wages does not mean improving the welfare of the population in terms of hidden unemployment growth, for example, companies can reduce the actual amount of time worked (employees sent on unpaid leave, part-time transform, etc.), formally dismissing employees.”, – Experts say . <-! sh_cad_10 ->

 
 About 35 million Russians are paid no more than 15 thousand rubles, according to a draft law on the introduction of a progressive tax scale, which went to the State Duma in August. <-! Sh_cad_11 ->

 
 Every seventh in Russia living below the poverty line – that is, receives income below the subsistence minimum, sostavyalyayuschego 9956 rubles on average in the country. <-! Sh_cad_12 ->

 
 For 2015y year poverty line of 3.1 million people moved to Russia. In July 2016 41% of respondents to the survey admitted that they did not have enough money for food and clothing.