The Russians may cut costs and save on groceries. This is stated in the information and economic commentary, published on the website of the Bank of Russia.
Amid a stable situation in the labour market the population of the country in may continued to adhere to the “savings behaviors,” noted in the TSB. “The preservation of austerity are indicative of the decline in sales of selected consumer durable goods and the replacement of expensive food items (meat, fish, fresh vegetables) more cheap products”, — stated in the materials of the Central Bank.
Against this background, accelerated the decline of retail trade turnover, which in may fell to 6.1 percent, according to revised data from Rosstat.
The annual growth rate of real wages and salaries in may rose slightly compared to April. This was associated with a small increase in nominal wages (0.7 per cent) while the remaining rate of inflation.
June 28, VTSIOM reported that 42 percent of Russians noted a worsening financial situation over the last year. June 20, Rosstat found that the real incomes of Russians in may 2016 fell by 5.7% in annual terms.
According to statisticians, the population with incomes below the subsistence minimum in Russia in the first quarter of 2016 rose to 22.7 million compared to 14.4 million in the fourth quarter of 2015.
