Rosstat data shows that the purchasing power of Russians’ incomes back to the time of the pandemic does not match what happened in real life, aforementioned Elena Veduta, Doctor of Economics of the “Public News Service”, Professor of Moscow State University.
“We do not know what Rosstat was guiding as he changed the method of calculating the subsistence minimum. But we see that thanks to these “computing reforms” everything has become really good for us! At the same time, we clearly see what is happening in real life: prices for food, medicine, building materials, utilities and everything else are skyrocketing, and the population is sitting in debt like silk! By the way, I am sure that the debt burden of individuals is not shown at all in these statistics,” he said.
He pointed out that in other countries the conditional “living wage” calculation is based on calculating the cost of certain goods and services in the consumer basket, not on “abstract income figures of the population for previous periods”. ” Veduta added that the methodology for calculating the subsistence minimum previously used by Rosstat also does not include all indicators.
According to data from 8 September RBC, Rosstat WroteAccording to the results of the second quarter of 2023, the ratio of the income of the population to the subsistence level is 332.5%, which shows the purchasing power of the population. Alexander Safonov, Professor at the government-affiliated Finance University, explained that the increase in purchasing power was due to rising wages and falling unemployment.
Formerly the Central Bank named The reason for the increase in wages in Russia.