Russians’ Disposable Income Down 1.2%

UrBC, Moscow, September 21, 2017. Russians’ actual disposable income (income minus the indispensable payments, adjusted against inflation) dropped by 1.2% in January-August 2017 compared with one year earlier, Rosstat’s recent report on the country’s socioeconomic situation states.

However, the income-shrinking process slowed down from 1% in July 2017 to 0.3% in August 2017.

Per capita income amounted to RUR 31,422 in August, which exceeded the figures for one year earlier by 3.2%. The average monthly pay of an employee amounted to RUR 38,040 RUR (up 7.1% on a year earlier), while the factual monthly pay rose by 3.7%.

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