INSUBCONTINENT EXCLUSIVE:
official data.The average monthly salary in December increased by 21.9% year-on-year, the highest growth since November 2008, when wages
The second-highest increase of 21.6% was recorded in March 2024.Economists cited by Vedomosti attributed the surge to a war-driven labor
shortage, end-of-year bonuses and payments being moved up ahead of sweeping tax code changes in 2025
They expect wage growth to slow to 2-4% in real terms this year.That slowdown will be influenced by falling demand for state defense
forecasted average monthly wages of 88,285 rubles ($983) for 2024, 99,952 rubles ($1,113) for 2025, and 119,926 rubles ($1,337) for
