Real wages of Russians increased by an average of 7.8 percent annually in 2023. This was reported by RIA News Referring to Rosstat.
According to the statistics department, the average monthly salary accrued in Russia last year amounted to 73.7 thousand rubles, an increase of 14.1% compared to 2022. In December 2023, its size increased by 16.6% annually to 103.8 thousand.
Meanwhile, Russians’ real wages increased by 15.5% in the fourth quarter, and by 8.5% in December 2023 alone. However, the largest increase in salaries was 40.5% compared to November 2023; this was because traditional bonuses and bonuses were paid at the end of the year.
Real wages are average wages accrued, adjusted for inflation.
Before this, annual inflation in Russia as of February 26 amount 7.58%, virtually unchanged from a week ago (7.57%).
Previously recognized About the slowdown in inflation in Russia in 2024.
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Source: Gazeta
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