Incomes of Russian citizens are growing faster than inflation in the country. Russian President Vladimir Putin stated this at a meeting on economic issues. RIA News.
As the head of state noted, in the eight months since the beginning of 2023, wages for the country’s residents have increased by 7.5 percent in real terms. In this context, he compared the income growth rate with the inflation rate.
“So wages are increasing at a rate above inflation,” Putin emphasized.
November 1, press service of the Ministry of Economic Development of the Russian Federation reportedThere is an increase in real wages of Russians in all sectors of the country’s economy. According to the Ministry, one of the main factors in increasing citizens’ income in the extra-budgetary sector is the acceleration of commercial activities of industrial enterprises.
In addition, wage increases are also affected by the increase in demand for qualified personnel. The Ministry also emphasized that workers’ income in the manufacturing industry has increased by 11.6% since the beginning of this year.
Previously in Russia offered Limiting the increase in gasoline prices to inflation.