FX.co ★ Russia Real Wage Growth Accelerates in October

In October 2025, Russia experienced a notable increase in real wages, after adjusting for inflation, with a rise of 6.1% compared to the previous year. This figure marks an improvement from September's growth of 4.7% and surpasses market predictions of a 3.3% increase. The average monthly nominal wages also surged by 14.3%, reaching RUB 99,707, following a 13.1% rise in the month preceding. Meanwhile, inflation showed a slight decrease, settling at 7.7% down from 8.0%. From January to October, nominal wages saw a cumulative increase of 14.4%, while real wages rose by 4.7% compared to the same timeframe in 2024. However, the Economy Ministry projects a slowdown in real wage growth to 3.4% for the current year, a decrease from the 9.7% growth observed in 2024.