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The cost of living will increase in 2022
The living wage in Russia will be increased by one thousand rubles in 2022. Its size will be 12 rubles.
This was stated by Russian President Vladimir Putin at a meeting on social issues. The indexation will amount to 8,6%, not 2,5% as was budgeted for next year. The head of state recalled that social benefits are associated with the size of the living wage. Accordingly, these payments will also grow.
The president also instructed to increase the minimum wage next year by 8,6% - up to 13 rubles a month.
The Russian Constitution states that the minimum wage cannot be less than the subsistence minimum. Thus, simultaneously with the indexation of the size of the subsistence minimum, the minimum wage should also grow. Its increase next year will be about 1 rubles.
The minimum wage in the Russian Federation is used to calculate benefits for temporary incapacity for work, and also rely on it when establishing the salaries of public sector employees.
As previously reported by EastRussia, Russia has increased the maximum unemployment benefit... Its size from 2022 will be 12 rubles. Currently, the largest payment amount is 792 rubles.