Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Current Trends of Russian Consumers
18.11.2018 14:37
Current Trends of Russian Consumers

Russians save on food, however, they buy furniture, cars and medicines. Retailers are announcing a decrease in the average purchase amount. According to the retailers’ data which are confirmed by the results of the last survey held at the order of the Central Bank, Russians are still not inclined to spend too much money. Sales networks have recorded a decrease in the average purchase amount in the third quarter of 2018. Kirill Tremasov, the Director of the analytical department of “Loko-Invest” company, wrote about this in his MMI Telegram channel.

      “The decrease in the average purchase amounts for X5, Magnit and Lenta made up 0.2–0.4% year-on-year, whereas food inflation in the third quarter made up 1.6% year-on-year. The two leaders, X5 and Magnit, have negative dynamics of the average purchase amount year-on-year, this trend has been observed for the second quarter in a row”, he notes. This means that, despite the increase in prices, every time people come at the store, they spend a little less money than earlier.

      Find More about Business in Russia


Author: Anna Dorozhkina

Tags: Russian business     

Next Previous

You might also find interesting:

Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business
Online Sale of Alcohol will be Legalized
Russia Ranked 27th in the Annual Bloomberg Innovation Index
Russian Government would not Increase the Tax Burden on Businesses within the Next Six Years
Russian IT Market is Growing

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian Cinema  Pavel Nakhimov  Russian tourism  Ukraine crisis  train tickets Russia FIFA  Russian Banya  travel to Russia  Krasnodar region  Komi Republic  Wrangel Island  Museums of Kaliningrad  Hermitage Museum  Russian polical parties  animation  Smolensk  Chebarkul Meteorite  sanctions  the Chukotka Autonomous Okrug   Russian exhibitions  VTB  Festivals in Moscow  Blood Painting  Obraztsov State Academic Puppet Theater  Olga Khokhlova  Severstal  Russian holidays  Mercedes-Benz Fashion Week Russia  Exhibitions in Moscow  How to Get to The Fisht Stadium in Sochi  Russian space exploration  Leningrad Region  Chechen republic  Moscow  Electrotheatre  European Bank for Reconstruction and Development  Amur tigers  Bezhetsk  Russian regions  Abraham Melnikov  Russian business  Syria  Sergey Diaghilev  contemporary art  Arkhangelsk  New Films  FIFA Russia 2018  Russian fashion  beach soccer  Spencer Vladimir  St. Petersburg 

Travel Blogs
Top Traveling Sites