Real incomes in Russia down 1.3% in Jan
MOSCOW. Feb 19 (Interfax) - Real disposable incomes fell 1.3% year-on-year in January 2019 after growing 0.1% in December and falling (according to adjusted data) 4.3% in November, the Federal State Statistics Service (Rosstat) said.
Real incomes fell 0.2% in 2018 as a whole, adjusted for the pension lump sum of 5,000 rubles paid in January 2017. If the pension lump sum is disregarded, real disposable income grew 0.3% in 2018.
Thus, 2018 was the fifth year in a row that real incomes fell. They declined 1.2% in 2017, 5.8% in 2016, 3.2% in 2015, and 0.7% in 2014. They last grew in 2013, by 4.0%.
In January 2019, incomes averaged up 4.2% year-on-year to 24,496 rubles in nominal terms.
The average monthly wage in January was 41,220 rubles, 5.2% more than a year earlier in nominal terms. In real terms, it rose 0.2 %.