Real wages in Russia, adjusted for inflation, rose 6.1% year-over-year in October 2025, up from 4.7% in September and well above market expectations of 3.3%. Average monthly nominal wages jumped 14.3% to RUB 99,707, following a 13.1% increase in the previous month, while inflation eased to 7.7% from 8.0%. Over the first ten months of the year, nominal wages climbed 14.4%, and real wages increased 4.7% compared with the same period in 2024. The Economy Ministry expects real wage growth to slow to 3.4% this year, down from 9.7% in 2024.
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