The growth of wages in Russia in real terms in October slowed down to 0.6% from 2% in September

by time news

The real size of wages in Russia in October 2021 increased by 0.2%, slowing down from 2% in September, follows from the data of Rosstat. Pensions in real terms have been declining for the tenth month in a row, in November – by 2.8%.

“The average monthly gross wages of employees of organizations in October 2021 amounted to 54,649 rubles. and increased by 8.8% compared to the corresponding period of the previous year (in January-October 2021 – by 9.2%), ”the Rosstat report says.

Pensions in real terms have been declining since February, however, as noted in the report, the calculations do not take into account the lump sum payments of 10 thousand rubles. pensioners. In nominal terms, the average pension in the Russian Federation in November 2021 amounted to 15 thousand 847 rubles. and grew by 5.3% compared to November 2020.

As of December 27, inflation in Russia has slowed down to 0.26% over the past week. Since the beginning of the year, prices have risen by 8.26%, the highest since 2015. The Central Bank expects inflation in Russia to slightly exceed 8% by the end of 2021.

Details – in the material “Kommersant” “Inflation Expands the Borders.”

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