Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Real Wages Of Russians Decreased by 19.2 Percent
August 20, 2017 17:20


 Real wages of Russians have decreased by 19.2 percent from October 2014 to May 2017. The welfare of citizens has been declining for 31 months.

Such data are contained in the report of the Higher School of Economics titled “Population of Russia in 2017: incomes, expenses and social welfare”. At the same time, the real size of pensions has falllen by 6.9 percent from October 2014 to April 2017. “The increase in consumer prices has made up 25.7 percent since the beginning of the period of economic instability – from November 2014 - to the end of May 2017” - the HSE experts say.

At the same time, food products have grown more expensive by 28.5 percent, non-food products - by 26.2 percent, services - by 21.3 percent. On July 31, RANEPA reported that the most common strategy for improving the financial situation for the population of Russia in 2017 was the manufacture of products at private farms. This involved 32 percent of respondents.

“Thus, the behavior of citizens showed predominantly archaic forms of improving their financial situation, they are still prevalent beginning from the crisis of “survival” in 1990s, people do not use active innovative practices” - the report said.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

Minsk Negotiations: Cease-fire And Withdrawal Of Heavy Weapons Arrears On Foreign Currency Mortgage May Reach 45% In March The Poverty Rate In Russia Makes Up 16 Percent Unlocked Internet Disconnection In Case Of Emergency

comments powered by Disqus

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Russian Parliament in Action

search on the map
City beaches  Russian Literature  Russian business  Russian travel destinations  Gennady Sokolsky  visa center  Hermitage  collaboration  Painting  snow leopard  booking hotels in Russia  PhotoHub_Manometr  Novgorod  poll  Modern Art  Exhibitions in Moscow  Woodwork  Vera Glagoleva   Nizhny Novgorod  Russian holidays  Yakutia  Russian history  Volgograd Monuments  Yandex  Yuri Gagarin  Robots  Ukraine  Pskov Region  Archeology  match-fixing  Russian sport  Russian Cinema  Russian painters  Avant-Garde Art  Russian tourism  Irkutsk Museums  Russian oil  Russian regions  travelling in Russia  Tragedy  Peterhof Palace  Russian sightseeing  Bolshoi Theatre  Shakespeare  Mercedes-Benz Fashion Week Russia  Pushkin  Moscow  Nicholas Roerich  Baskunchak Lake  Russian education 

Travel Blogs
Top Traveling Sites