Real wages grow by 16% y/y in September

In nominal values, the average wages amounted to UAH 5 358 (USD 206) in September. The largest average salaries are paid in aviation industry – UAH 26 200, in financial sector, insurance and telecommunication industry – at UAH 10 000. The lowest salaries were in postal and courier service – at UAH 2 900, health care – UAH 3 400, and education – UAH 3 900. To note, the official statistics reflect only registered payments. In reality, many receive cash-in-hand. At this, starting 2017 the government decided to increase the minimum wages from UAH 1 450 to UAH 3 200. Meantime, the minimum wages are predominantly paid to public officers of lower levels who number at 2-3mln.