The Consumption of Goods and Services in 2020 : The Pandemic Model

The real cash incomes of the population in 2020 decreased by 3.0% compared to 2019, the real disposable cash incomes contracted by 3.5%. Consumption model of Russian people has changed in the wake of the pandemic: the share of expenses on services has decreased to near 2016 level, meanwhile the share of expenses on food has notably increased. Against the backdrop of the overall reduction in food products sales turnover, their sales have gone up in large and medium-size retail chains. People will return to the common consumption model solely after total lifting of pandemic restrictions