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Rosstat reported a decline in the level of poverty in the country to a historically low level

The population of Russia with incomes below the subsistence level, according to preliminary estimates, amounted to 15.3 million people compared to 16 million in 2021. This is stated in the Rosstat message.

The poverty rate in the country in 2022 reached a minimum of 10.5% against 11% a year earlier. Before that, the lowest degree of poverty was recorded in 2012 – 10.7%. Moreover, the indicator began to rise, rising to 13.4% in 2015, and then began to fall again.

In the fourth quarter of 2022, the poverty rate was 7.9%, in the third quarter – 10.5%, in the second – 12.1% and in the first – 14.3%. The poverty rate indicator has a pronounced seasonality – the highest in the first quarter and the lowest in the fourth quarter due to the payment of bonuses at the end of the year.

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