Average nominal wage in Ukraine in September amounted to UAH 7,351, which is 2.3 times higher than the minimum wage established from January this year and by 37.2% more than the wage rate of September last year.
According to the data of the State Statistics Service of Ukraine, the salaries of educationalists (57.9%), health workers (45%) and military personnel (69.3%) were affected by the highest increase overall during the year. The growth of wages in industrial sector amounted to an average of 29% as compared with September last year, thereby exceeding the minimum wage 2.5-3 times.
In the regional context, the positive trend of salary growth is demonstrated by all regions of Ukraine, and the best indicators are in Kyiv, Vinnytsia, Volyn, Zhytomyr, Dnipropetrovsk, Lviv, Kharkiv, Kherson, Khmelnytsky, and Chernivtsi regions.
State Statistics Service’s data appears confirmation of the trend towards the recovery of the economy and overcoming consequences of the slowdown of the beginning of 2017, caused, in particular, by energy blockage in Donbas.
Most notably, wage growth does not lead to significant inflationary fluctuations. Indices for the growth of citizens' incomes consistently exceed the rate of inflation.
As was reported earlier, the National Bank of Ukraine has improved the forecast of the state's economy growth in 2017 up to 2.2%. The forecast for 2018 is planned at 3 - 3.2% of GDP growth, which is in line with the Government's prognosis included in 2018 state budget.
Prime Minister of Ukraine Volodymyr Groysman elucidates that the recorded trend shows the revitalization of economic growth and its further development with the simultaneous slowing down of inflation processes, which bear purely logical and controllable character.