The average salary of full-time employees in our country increased by 22.1 percent in the second quarter of this year, reaching UAH 20,964, but only statistically.
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Photo – novyny.live
As reported by NBN with a link to the official NBU page, which published the October “Macroeconomic and Monetary Review”, the current labor shortage in Ukraine is provoking an intensive growth of nominal, and not real, wages due to high inflation rates.
Due to the lack of official data from the State Statistics Service, NBU analysts estimated citizens' incomes based on average pensions and salaries used to calculate the amounts of PFU benefits, as well as taking into account the general unified social contribution (USC), the USC in the private sector and the personal income tax (PIT), which can be seen in the infographic below:
Photo — bank.gov.ua
It should be noted that, according to September data from the State Statistics Service, consumer prices in Ukraine last August rose by 7.5 percent, which is somewhat at odds with reality.
At the same time, according to a survey conducted by the Institute for Economic Research, the process of difficulty in finding workers has stabilized at an excessively high level:
Photo — bank.gov.ua
Earlier we wrote about the NBU answering whether the October tax increase would affect prices in Ukraine.