November marked the beginning of the third year of falling real incomes of Russians

Real disposable income of Russians (adjusted for inflation, the amount of funds that remain at the disposal of the person after making all obligatory payments) in November fell at an annual rate of 5.6%, from the data of Rosstat.

Compared with October, the decline in revenues has slowed down (it was minus 6%) but the pace remains quite high.

In recent times the growth of real incomes of Russians in annual terms, was recorded in October 2014. Since then, they decreased for 25 consecutive months and continue to decline, contrary to a recent statement by first Deputy Prime Minister Igor Shuvalov about the end of the recession.

“For some groups of the population real incomes are still little, but growing. The income decline is over. Hope next year still, it will be the trend for all groups of the population that revenues will grow”, — said Shuvalov at the end of November 2016.

In General, in January—November 2016 the real incomes of Russians decreased by 5.8% (for the entire 2015 year they decreased by 3.2%).

In nominal terms, the income of the average Russian in November 2016 at an annual rate increased by 0.3%, amounting to 30.8 thousand rubles. While the average nominal wages during the year grew by 7.6% (to 36.1 thousand rubles). However, the real wages that reflect the purchasing power of a worker’s money, has increased only 1.7%.

In mid-December 2016, Deputy Prime Minister Olga Golodets said the increase in the number of those who considers himself poor.

“We have much to disagree poor statistical evaluation and assessment self-awareness of people. And if the statistical evaluation is the growth of poverty is 15%, which is very bad for us, the sense of self of people, it is much worse. If we tell a person: you’re not poor and he is poor, this is a very difficult situation,” — said Golodets.