Page 53 - RusRPTJan23

in other sectors as well.
Moreover, wages may even rise faster than labour productivity. This might hinder the decrease in inflationary pressure.”
4.5.2 Income dynamics
Real wages in Russia in September 2022 decreased by 1.4% in annual terms, and increased by 3.2% compared to August 2022, according to the Russian State Statistics Service (Rosstat). In January-September, real wages fell by 1.5% in annual terms. The Russian State Statistics Service reported earlier that inflation in Russia on November 22-28, 2022, amounted to 0.19%. A week earlier, inflation in Russia was at the level of 0.11%.
Real incomes have fallen in most Russian regions according to Rosstat. While the national indicator (a fall of 2.4%) may not seem too serious, note two things. First, this happens after a decade of stagnating and falling incomes, and second, there are significant regional differences. While oil and gas regions (and some poorer North Caucasian regions) registered growth, the situation in regions that saw an industrial breakdown this year—including many regions that were already relatively poor to begin with—is much worse, and will likely get worse still.
53 RUSSIA Country Report January 2023 www.intellinews.com