Statistics: Russians’ real disposable income rises 0.9% in Oct–Dec

MOSCOW, Feb 8 (PRIME) -- Russia’s real disposable income rose by 0.9% on the year in October–December 2022, the Federal State Statistics Service said on Wednesday.

In 2022, the indicator decreased by 1%.

The service also revised the 2021 real disposable income to increase the rise to 3.2% from 3%.

The revision caused recalculations for 2022. The updated estimate showed a 1.6% contraction of the real disposable income in January–March 2022 instead of the previous estimate of 1.2%, while the April–June indicator was upgraded to a 0.6% fall from 0.8% and for July–September to a 3.1% decrease from 3.4%.

The real disposable income excludes taxes and other mandatory payments and its performance is adjusted for inflation.

End