“In April 2026, real wages increased by 6.7% year-on-year, following 8.1% year-on-year in March. In the public sector, the trend remains above the economy-wide average: according to our estimates, real wage growth accelerated to 9.7% year-on-year, up from 9.2% year-on-year the previous month. Against the backdrop of slowing inflation, wage increases will continue to support the growth of real disposable household incomes, which in January–March 2026 rose by 7.6% year-on-year. This creates conditions for further expansion of consumer activity,” the Eurasian Development Bank analysts noted.