The growth rate of real wages of Russians in 2025 may decrease by 2.5 times, according to forecasts of the Central Bank of the Russian Federation. Details are reported by Izvestia.
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Central Bank: Russians’ real wage growth will slow by 2.5 times in 2025
The reasons for the sharp rise in wages in the country include a severe shortage of staff. Now the unemployment rate in Russia has fallen to a record low of 2.6%.
Due to the high competition for qualified personnel, companies in all sectors have started to increase employee salaries. But now companies can no longer continue to increase payments at the same pace, as borrowing has become expensive, analysts say. Their calculations were based on forecasts of nominal wages and average inflation.
In 2024, revenues are expected to grow by 15.6%, but this figure will slow down to 8.3% in 2025. However, price growth, according to economists, will reach 6.5% in 2024 and fall to 4.5% in 2025.
We wrote earlier that the demand for shift workers in Russia increased by 69% over the year: their average salary is 136 thousand rubles. The largest increase in their demand occurred in the construction sector.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
