“We managed to reach a 19% real growth of wages in the previous year, their nominal growth was higher. Nevertheless, we realize the effect of inflation. Hence, the real growth of wages stood at 19%,” the Prime Minister said during a government meeting on Wednesday, 14 February.
According to Volodymyr Groysman, the government seeks to ensure that the household incomes increase faster than prices do. Inflation is evident in any economy, but in our country this issue is particularly sensitive,” the Prime Minister said.
The average nominal salary of an average full-time employee in Ukraine rose by 17.4% in December 2017 against the figure exhibited in November 2017. At the same time, it increased by 35.5% in year-on-year terms and reached UAH 8,777 ($328 per month).
The Cabinet of Ministers of Ukraine, under the policy for economic growth and rising social standards, seeks to ensure the average salary in Ukraine reaches UAH 10,000 ($374) by the end of 2018.