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Russia’s statistics report growth in number of people having below-living-wage incomes

July 04, 2014, 22:46 UTC+3 MOSCOW
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MOSCOW, July 04, /ITAR-TASS/. Russia’s federal state statistics service reported a growth in the number of Russians whose monthly incomes were below the living wage in the first quarter of 2014.

According to a report on the country’s economic development published on Friday, monthly incomes of 19.8 million people in Russia, or 13.8% of the entire population, were beneath the living wage in the first quarter of 2014. In 2013, the figure was 11% of the population, or 15.7 million people. In the fourth quarter of 2013, as many as 12 million Russians (8.5% of the population) had incomes below the living wage. The figures for the first quarter of 2013 were 19.6 million, or 13.8%

The cost of the consumer goods basket in the first quarter of 2014 was 208 U.S. dollar (under the current rouble exchange rate), expenses on obligatory payments and dues stood at 16 U.S. dollars. As compared to the fourth quarter of 2013, the living wage grew by 4.9%

The cost of the minimal monthly food basket was 96 U.S. dollars at the end of June, or up by 1.4% on the previous month. At the beginning of the year, this index was 83.7 U.S. dollars (under the current rate).

Inflation in June 2014 was 0.6% against 0.9% in May and 0.4% in June 2013. Annual inflation reached 7.8%

Since the year beginning, consumer prices went up by 4.8% In January-June 2013, the growth was 3.5%

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