Russian real disposable incomes continue declining

Russian real disposable incomes continue declining

Russia’s real disposable income decreased 0.2% in 2018, the Russian Federal State Statistics Service said in a statement, reporting preliminary data.

The real disposable income excludes taxes and other mandatory payments and its performance is adjusted for inflation. 

The 2018 dynamics was calculated with a one-time pension increase in January 2017.

Without the payment, the real disposable income would have risen by 0.3% in 2018, Prime agency reported.

The average monthly wage rose 9.9% on the year to 43,400 rubles in 2018. The real monthly wage grew 6.8%.

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