Ukraine sees 19% real growth of wages in 2017

According to the prime minister, the government's task is to provide that the citizens' incomes grow faster than inflation.

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Ukrainian Prime Minister Volodymyr Groysman says the real growth of wages in Ukraine in 2017 was 19%, while their nominal growth was higher.

"We managed to achieve real growth of salaries by 19% in the past year, while the nominal growth was higher. However, we realize the impact of inflation. Therefore, real growth of wages was only 19%," he said at a government meeting on Wednesday, February 14.

Read alsoUkraine's average salary up by 0.4% in NovAccording to the prime minister, the government's task is to provide that the citizens' incomes grow faster than inflation.

"Our task is that the incomes of the population grow more rapidly than prices. The problem of price increases is inherent in any economy, but in our conditions this issue is particularly sensitive," he said.

As UNIAN reported earlier, the average nominal salary of a full-time employee in Ukraine increased by 17.4% in December 2017 from November 2017, while it grew by 35.5% year-over-year (y-o-y), to UAH 8,777, or US$328.

The Cabinet of Ministers of Ukraine, within the policy of growth of economy and social standards, aims to provide in 2018 an increase in the average salary to UAH 10,000 ($374).

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