Real disposable income in August of this year decreased by 8.3% year-on-year. This is the maximum decline in this index since 2009, reports TASS with reference to data of monitoring of economic development in January – August 2016.

“In August of 2016 was recorded maximum in 2009, the decline in real disposable income (-8,3% year-on-year). In addition, in August the income of the population decreased in nominal terms – a decline of 0.9% in annual terms,” – noted in the monitoring of the MAYOR.

In addition, the document says that the reduction in real disposable income in eight months of 2016 increased to 5,8% the corresponding period of the previous year.

“The real wages of workers, according to estimates, in August fell by 1% year-on-year. Given the positive momentum of the first half of 2016 as a whole for January – August compared to the same period in 2015, real wages have decreased by only 0.3%,” write the experts of the Ministry of economic development.

It is also noted that the savings rate with the exception of the seasonal factor in August 2016 increased to 11.9% of disposable income in July was recorded the lowest level since the beginning of 2015 and 11.5%).

Recall that real disposable income is determined based on adjusted price index for cash income of the current period less compulsory payments and dues.

Real incomes of Russians back in 2009 03.10.2016

Share this news

Share to Google Plus
Share to LiveJournal