Real incomes of Russians fell

For the first nine months of 2017, real incomes declined by 1.2 percent compared to the same period last year. This is stated in the report of Federal state statistics service (Rosstat) on the socio-economic situation in Russia.

According to expert estimates, in 2017 the real incomes of the population grew only in January to 8.8 percent. In may and June saw a zero growth dynamics. In the remaining six months of the incomes of Russians fell. The sharpest decline was observed in April — to 7,5 percent.

The average monthly salary of employees for the period from January to September this year grew by 6.7 percent compared to the same period in 2016. In September 2017 it made 37520 rubles, while in September 2016 it was 35843 rubles.

According to the HSE, over the past three years citizens are poorer by almost 20 percent. During this same time, the real size of pensions fell by 6.9 percent. Products, in turn, rose by 28.5 percent, nonfood goods — by 26.2 percent, services for 21.3 percent.

With 2014 revenue growth was recorded only in January 2017. It was due to a one-time payment to retirees in five thousand roubles — the money they get in return second indexation of pensions.

According to the Minister of economic development Maxim Oreshkin, the country will take several years before real incomes return to pre-crisis period. He noted that in 2017 the growth of the real wage to exceed three percent, and in 2018 — four percent.