Real incomes of Russians fell for the fifth consecutive year

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Photo: Sergey Bobylev / TASS

Real incomes of Russians in 2018 fell, this trend has continued for the fifth consecutive year. This is evidenced by the data of Rosstat.

The fall of 2018 was 0.2 percent, with the government all year argued that the income of Russians up in 2018, it will grow. The positive dynamics of real incomes showed only in the case if not to take into account one-off payment to pensioners in 2017 — then the growth rate was 0.3 percent.

The last time real incomes of Russians grew in 2013, while for the year the increase amounted to four per cent. In December 2018 Rosstat claimed that monthly incomes of Russians fell by 2.9 percent, offset the entire increase in revenues in 2018, when in the execution of the may decrees of the President of the state employees lifted salaries.

Prime Minister of Russia Dmitry Medvedev in interview to five TV channels in December 2018, claimed that the government managed to reverse the trend of falling incomes of Russians. Updated data from Rosstat suggests that the government to do it still failed. The Ministry of economic development and even claimed that in 2018, the growth of real incomes of Russians will amount to 3.4-3.9 percent.

Moreover, experts of the Higher school of Economics (HSE) claim that from 2019 the Russians should not expect real income growth: on the contrary, they estimated that the salary of Russians in 2019 will rise an average of only 1.5 percent, not being able to overtake so even the minimum inflation forecast at the level of five percent.

Video, photo All from Russia.

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