The Russian authorities explained the reasons for the decline in real incomes of citizens. According to the Ministry of Economic Development of Russia, three main factors influenced the decline.

According to the ministry's analysis, last year real wage growth in Russia was 6.8%, while real incomes fell by 0.2%. At the same time, first of all, the incomes of more affluent Russians fell.

The main negative factors were the fall in receipts from bank deposits, the increase in real estate taxes, and the growth in mortgage payments.

The department also stressed that the incomes of less wealthy citizens of the Russian Federation supported the increase in the minimum wage and salaries in the public sector. In addition, social benefits to families with children were increased. The Ministry of Economic Development also noted a positive situation in the labor market. Thus, the unemployment rate in 2018 dropped to a historic low of 4.8%.

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