Russia’s real wages surge ...News

Rosstat has attributed the jump to low base effect from last year Russia’s real wages in April were 10.4% higher compared to the same period a year ago, the country’s statistics service Rosstat reported on Wednesday. The growth came mostly due to low base effect recorded last year, the agency said, adding that in April 2022 real wages dropped 7.2% because of a rise in the inflation rate. The term real wages refers to earnings that have been adjusted for inflation, or wages in terms of the amount of goods and services that they can buy. In April 2023, real wages in Russia saw a month-on-month decline by 0.9%, but g

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