Support The Moscow Times!

Russians' Real Wages Fall 9.5% in 2015

E. Kuzmina / Vedomosti

As Russia's inflation reached double-digits last year, Russians saw their real wages decline by 9.5 percent compared to 2014, data published by the Rosstat state statistics service showed Monday.

In December 2015, real wages of Russians dropped 10 percent when compared to the same month in 2014, according to Rosstat data. The average monthly salary in Russia last year was 30,311 rubles ($381).

Average real incomes — apart from wages that include private incomes and state payouts ?€” fell 4 percent last year when compared to 2014, Rosstat said.

The sharp decline in earnings have forced a lot of Russians to slash their daily spending.

According to the findings of the poll conducted in the end of December 2015 by state-run pollster VTsIOM, 63 percent of Russians restrained from purchasing certain goods in the previous six months or bought them less often.

Fifty-nine percent of respondents said they switched to cheaper goods and 26 percent of Russians started to spend their personal savings on daily needs, the Interfax news agency reported, citing the results of the poll.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more