This indicator measures the year-over-year change in average wages in Russia after adjusting for inflation using the Consumer Price Index (CPI). It provides a clear picture of the actual purchasing power of the workforce and the standard of living. Significant growth in real wages often signals a tightening labor market and can lead to increased consumer spending, which may further drive inflationary pressures.
It is calculated by subtracting the annual inflation rate (CPI) from the nominal wage growth rate for the same period. The data is compiled by the Federal State Statistics Service based on payroll reports from enterprises.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Sep 2, 2026 | — | 4.10 | — |
| Jul 29, 2026 | 4.50 | 4.20 | +0.30 |
| Jul 1, 2026 | 5.10 | 7.10 | -2.00 |
| Jun 3, 2026 | 8.10 | 7.10 | +1.00 |
| Apr 29, 2026 | 8.60 | 4.00 | +4.60 |
| Apr 1, 2026 | 8.60 | 4.50 | +4.10 |
| Mar 4, 2026 | 2.40 | 4.40 | -2.00 |
| Feb 6, 2026 | 5.80 | 6.10 | -0.30 |
| Dec 26, 2025 | 6.10 | 3.10 | +3.00 |
| Dec 3, 2025 | 4.70 | 3.50 | +1.20 |
| Oct 29, 2025 | 3.80 | 5.20 | -1.40 |
| Oct 1, 2025 | 6.60 | 5.30 | +1.30 |
| Aug 27, 2025 | 5.10 | 5.30 | -0.20 |
| Jul 30, 2025 | 4.20 | 3.30 | +0.90 |
| Jul 2, 2025 | 4.60 | 3.30 | +1.30 |
| Jun 4, 2025 | 0.10 | 3.00 | -2.90 |
| Apr 30, 2025 | 3.20 | 4.60 | -1.40 |
| Apr 2, 2025 | 6.50 | 11.30 | -4.80 |
| Mar 5, 2025 | 11.30 | 7.00 | +4.30 |
| Feb 7, 2025 | 7.30 | 7.00 | +0.30 |
| Dec 28, 2024 | 7.20 | 7.70 | -0.50 |
| Nov 27, 2024 | 8.40 | 8.00 | +0.40 |
| Oct 30, 2024 | 7.70 | 7.30 | +0.40 |
| Oct 2, 2024 | 8.10 | 6.00 | +2.10 |
| Aug 28, 2024 | 6.20 | 8.30 | -2.10 |
| Jul 31, 2024 | 8.80 | 8.30 | +0.50 |
| Jul 3, 2024 | 8.50 | 9.70 | -1.20 |
| Jun 5, 2024 | 12.90 | 8.00 | +4.90 |
| Apr 27, 2024 | 10.80 | 8.00 | +2.80 |
| Apr 3, 2024 | 8.50 | 8.10 | +0.40 |
| Feb 28, 2024 | 8.50 | 6.00 | +2.50 |
| Feb 7, 2024 | 7.20 | 5.10 | +2.10 |
| Dec 27, 2023 | 9.90 | 7.20 | +2.70 |
| Nov 29, 2023 | 7.20 | 9.00 | -1.80 |
| Nov 1, 2023 | 9.50 | 8.50 | +1.00 |
| Sep 27, 2023 | 9.20 | 10.10 | -0.90 |
| Aug 30, 2023 | 10.50 | 8.30 | +2.20 |
| Aug 2, 2023 | 13.30 | 10.30 | +3.00 |
| Jun 28, 2023 | 10.40 | 10.20 | +0.20 |
| May 31, 2023 | 2.70 | 3.60 | -0.90 |
| May 3, 2023 | 2.00 | 1.10 | +0.90 |
| Mar 29, 2023 | 0.60 | 0.50 | +0.10 |
| Mar 1, 2023 | 0.60 | 0.80 | -0.20 |
| Feb 8, 2023 | 0.30 | -1.60 | +1.90 |
| Dec 28, 2022 | 0.40 | 0.40 | 0.00 |
| Nov 30, 2022 | -1.40 | -1.80 | +0.40 |
| Nov 2, 2022 | -1.20 | -2.50 | +1.30 |
| Sep 28, 2022 | -3.20 | -5.20 | +2.00 |
| Aug 31, 2022 | -3.20 | -6.10 | +2.90 |
| Jul 27, 2022 | -6.10 | -4.40 | -1.70 |
| Jun 29, 2022 | -7.20 | -6.00 | -1.20 |
