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Household real disposable income and real pensions decelerated by 6.1% and 2.5% in December 2016 in comparison with the same period of 2015 (Fig. 1). In contrast, real wage went up by 2.4% in December 2016 compared to the same period of the previous year
Persistent link: https://www.econbiz.de/10012952680
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...
Persistent link: https://www.econbiz.de/10013239233
In April 2020, due to the introduction of lockdown, consumer demand significantly dropped. A year later, in April 2021, when the epidemiological situation caused ever less concern, the consumption of goods and services increased, almost recovering to the pre-pandemic level: for example, the...
Persistent link: https://www.econbiz.de/10013217888
Households debt for the housing and utility services increased against the 2017–2019 indexes and in H1 constituted 6.3%. Current situation is similar to that in 2013–2014 when the debt for housing and utility services in H1 came to 6.4–6.6% of accruals. On average across the Russian...
Persistent link: https://www.econbiz.de/10014092065