Nominal salaries +24%, UAH continues to strengthen
The average nominal salary of Ukrainians last month was 24% higher than one year earlier, the State Statistics Service reports. This June salary — $533 a month – is 2.4 times greater than the minimum wage of UAH 6,000 [$223]. Ukraine’s yearly inflation in May was 9.5%. Partly cancelling that out, the hryvnia has increased in value against the dollar by 5% since the start of the year. The biggest average salary hike was for IT workers – up 38%.