Real incomes of Russians fell by 9% over the month
Rosstat reported a sharp drop in real incomes of Russians in May. Compared to April, they decreased by 9.3%. At the same time, consumer prices in Russia rose by an average of 0.4% in May, and gasoline prices immediately rose by 5.6%. In nominal terms, the average income of Russians amounted to 30,438 rubles, which is 4% higher than in May last year, but 8% lower than in April 2018. The average salary in Russia at the end of May was 43,815 rubles, which is 9.9% higher than a year earlier.