Date: 4 months ago   Category: Economy

The Ministry of Economic Development announced normalization of growth rates of salaries — Rambler News Service


Growth rates of the salaries are gradually normalized, in October delay of their growth was observed, follows from the "An economy picture" for November prepared by the Ministry of Economic Development. "Growth rates of the salaries are gradually normalized. In September the real salaries grew by 4.9% year-on-year in comparison with 6.8% year-on-year a month earlier. In October, by preliminary estimate of Rosstat, further delay of their growth was observed", - it is said in the statement of department. The Ministry of Economic Development notes that they became the reasons of delay of growth rates of salaries normalization of dynamics of compensation in the social sector and acceleration of consumer inflation. Department emphasizes that unemployment remains at record-breaking low levels. Earlier the Minister of Labour and Social Protection Maxim Topilin said, having referred to data of Rosstat that salaries for January-August, 2018 grew "unprecedented rates" — by 11%. The Ministry of Economic Development explained that growth of salaries this year is in many respects caused by bringing the minimum wage rate to the level of a living wage of able-bodied population and also achievement of ratios on the wage level of separate categories of the workers of the budgetary sphere enshrined in decrees of the President of Russia.

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