The incomes of Russians fell in 2016, 5.9% – Economy News

Print Real disposable cash incomes of Russians fell in December 2016, 6.1% in annual terms compared to 6% in November, according to Rosstat. In General, incomes have fallen in 2016, 5.9% versus 3.2% in 2015 with Real incomes falling for the third consecutive year (in 2014 – 0.7%).

2016 average per capita income in nominal terms amounted to RUB 30775 per month (+ 1% rate in 2015).

the Average salary was last year 36703. per month (+ 7.7% 2015). In real terms the average wage increased by 0.6%.

meanwhile, the real size of pensions in Russia will continue to decline for another three years, despite annual indexation, announced on 23 January, the labor Minister Maxim Topilin. “Despite the fact that we are indexing restored, if we look at the forecast, we have real pensions, it is still in the future three years they are reduced,” – said the Minister.

According to Rosstat, the average size of pensions increased in October 2016 at 2.8% in annual terms and amounted to RUB 12435 per month. In real terms, the amount of the pension has decreased in October by 3.1% yoy and 3.3% of the index in September 2016.

as for wages, the “wages, according to our estimates, will increase. Not only the nominal, but real.” “By the end of 2016 we will likely see a rise in real wages, because since August, a positive trend towards their increase”, – said Topilin on January 17 in an interview to “Rossiyskaya Gazeta”.

“the Ministry expects that against the background of slowing inflation, real wages will show a positive trend until the end of the year. As a result, in General, for 2016, its growth could be 0.5 per cent year-on-year, 0.2% higher than the rating agencies at the stage of formation of the budget. Despite the slight slowdown of the decline in real disposable income in annual terms (a decline in November to 5.6% in October – 6%), seasonally adjusted data show continued negative trends: a decline of 1.7% (month to month)”, – said the MAYOR December 12, 2016

the Real level of poverty in Russia is higher than statistical, including due to the extensive informal sector, as stated previously, Deputy Prime Minister Olga Golodets.

“we Have much to disagree estimation of poor statistics and evaluation for the sense of self of people. And if, for statistical evaluation, is the growth of poverty is 15%, which is very bad for us, the self-perception of people – it is much worse. And I think it is based on the fact that real incomes and real wages for the “grey” sector are different from those of income and wages, which we take as the average and which we believe benefits help. And so on,” – said Golodets.