Official statistics claims lower poverty in Russia

Official statistics claims lower poverty in Russia
Russians have become better off, as the number of people with earnings below the subsistence level went down almost 15% yoy in 3Q 2012. That represents $217.80 per month which the authorities say should be enough to live on.

The number of Russians who don’t get that amount a month went down to 17.2mn during January – September according to the Russian Statistics Service. Now, the poor in Russia comprise 12.1% of the total population, the agency said.

The assumptions in all of the calculations are that Russians need $81 a month to provide for basic food, $34 for non food products, another $88 for services and $15.7 to pay regular bills.

However, the average bill for public facilities in a one bedroom flat in Moscow is on average about $100.

The minimum wage in Russia – another indicator of the country’s well-being – is also much lower than in developed economies, according to FBK auditor. At the moment the figure stands at $148, while in the most prosperous countries like Luxembourg, Netherlands and Belgium top the list with a minimum wage of over $1500 a month.