Economics
Russia Ditches Income Data That Has Slumped for Five Years
- Monthly data will be replaced with quarterly release
- Methodology underpinning data was developed two decades ago
Russian President Vladimir Putin
Photographer: SERGEI CHIRIKOV/AFPThis article is for subscribers only.
Russia will stop publishing monthly data that’s shown a slump in disposable incomes for five straight years after the indicator was criticized for using methodology that’s decades out of date.
The Federal Statistics Service will start releasing quarterly income data starting next month and historical numbers will be recalculated going back to 2013, head Pavel Malkov said at a briefing with journalists in Moscow. The new methodology will include data on online sales and sales from smaller retailers among other things, he added.