The average salary in Russia in October fell by 10.9%

The average salary in Russia in October fell by 10.9%


Moscow. November 19. Real incomes of Russians decreased in October by 5.6% compared with October 2014, the Federal statistics service said. Real wages thus fell by 10.9%.

In September real earnings fell 4.3% in August to 5.3% in July and by 2% in June and 3% in may to 6.3% in April and 3.9% in March and February to 1.6% in January and 0.7%.

In January-October income in real terms declined by 3.5%. As reported, in 2014 the revenue decreased by 0.7% in real terms compared with 2013. In 2013 the growth was recorded at 4%.

In nominal terms, per capita revenues in October amounted to 31 thousand rubles (growth by 7.2% in annual terms).

The average salary in October, according to preliminary data of Rosstat, amounted to 33,2 thousand, compared with October 2014, it increased by 3%.

At the same time, in real terms the average wage fell in October at an annual rate of 10.9%, but in General, for 10 months it decreased by 9.3%.

The Central Bank of the Russian Federation in early November noted the increase in the share of saving people. As evidenced by a survey conducted monthly by order of the regulator, in October the proportion of people who believe that the prices have grown very strongly, has increased from 39% to 43%. In particular, increased public concerns about rising prices for important goods such as meat and poultry, fish and seafood, cheeses and sausages, milk and dairy products, fruits and vegetables, eggs.

The Russians were much more likely to skimp on the purchase of various supplies, products and services, says the CBR. In relation to everyday purchases the Russians are now more than three months ago, have to limit yourself to purchasing fish and seafood, tea and coffee, eggs, vegetable oil, milk and dairy products, as well as clothing, footwear, leather goods and children’s products.

With regard to major purchases, most respondents in October, exactly the same as in July, had to abandon spending on capital or repair of dwellings, houses, villas, as well as from spending on holidays, trips in Russia and abroad.

“As for inflation expectations, they also generally become more optimistic. Increased the number of people who believe that next month prices will grow only slightly, and those who believe that next year prices will rise more slowly than now”, – stated in the review of the Central Bank.