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Socio-Economic Indicators and the Situation of Pensioners

Aleksandra Burdyak – Senior Research fellow of the Living and Social Protection Research Department, Institute of Social Analysis and Forecasting, Russian Presidential Academy of National Economy and Public Administration. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Victor Lyashok – Research fellow of Labor Market and Pension System Research Department, Institute for Social Analysis and Forecasting, Russian Presidential Academy of National Economy and Public Administration. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Tatiana Maleva – Director of Institute for Social Analysis and Forecasting, Russian Presidential Academy of National Economy and Public Administration, Candidate of Economic Sciences, Doctor of Business Administration. Е-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In January-July 2018, the retail trade volume increased by 2.5% as compared to the relevant period of the previous year (zero dynamics were observed a year before). Within the first seven months of 2018, consumer prices rose by 2.3% year on year (a substantial decrease relative to 2017).

In June 2018, the number of the workforce amounted to 76.3m people, a decrease of 0.16m people on July 2017. The unemployment indices fell to the historic low in the period from 1992. The level of unemployment calculated in accordance with the ILO’s methods has remained unchanged for three months running (4.7%), while with a seasonal component excluded it kept falling. As of the end of July, the level of the registered unemployment was equal to 0.9%.

Growth rates of incomes and pensions still lag much behind those of wages and salaries. In July 2018, households’ disposable cash incomes, accrued wages and granted pensions increased by 2.0%, 8.0% and 0.8%, respectively, in real terms as compared to July 2017.

Key words: wages and salaries, labor market, prices, loans, households’ cash incomes, poverty and minimum subsistence level, pension.