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Russia Real Wages Growth Eases Less than Expected

Real wages in Russia increased 8.4% year-on-year in September 2024, easing from a 7.7% rise in the previous month, above market expectations of 8%.

Meanwhile, average nominal wages grew 17.8% from a year earlier to 84,324 roubles ($746.26).

In the nine months of the year, real wages rose by 9.0%, while nominal wages increased by 18%.

The economy ministry forecasts real wages to grow by 9.2% in 2024.

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