Why the authorities decided to improve the forecast for salaries and incomes

Why the authorities decided to improve the forecast for salaries and incomes

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This year, real wages of Russians should rise by 3-5% on average, and real disposable income by 2-3%, President Vladimir Putin said during a meeting with employees of the Tulazheldormash plant. The growth of the population’s income is “task number one” for the state, the President stressed. In 2022, nominal wages did not have time to grow at the same pace as inflation, which reached 17%, the head of state noted.

According to Rosstat, last year the nominal wages of Russians grew by 12.6% in annual terms – up to 64,191 rubles. Real wages fell by 1%. Per capita nominal money income increased by 12.4%, while the real disposable income of the population (adjusted for inflation and excluding mandatory payments) decreased by 1%.

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