Analysts expect incomes to continue to rise this year as President Vladimir Putin has said on many occasions recently that the top priority is to boost income levels in 2020.
Russian industrial output growth in January 2020 slowed to 1.1% from 1.7% seen in December, according to the report by Rosstat statistics agency.
The industry production in Belarus plunged by 5.8% year-on-year in January, according to the national statistics agency Belstat.
Russia’s weekly inflation remained at 0.1% week-on-week on the week of February 10, with the daily inflation slowing to 0.01% after an acceleration over the first few days in February, according to Rosstat statistics agency.
Russia’s consumer price inflation in January 2020 stood at 2.4% year-on-year, Sberbank CIB estimated on February 7 based on official estimate of 0.4% month-on-month inflation for the reporting month.
Real disposable incomes in Russia increased by 0.8% in 2019, the growth accelerating from 0.1% seen in 2018 and beating the expectations of 0.1% of the Ministry of Economic Development, the latest data released by RosStat statistics agency shows.
Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November
The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.