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

Physical Consumption In Russia Reduced
June 12, 2016 00:49


Russians are more likely to choose food of lower quality, save on everyday comfort and road safety. This is written by “Kommersant” on Monday, June 6 with a reference to the research by the Analytical Credit Rating Agency (ACRA).

A record decline in real wages and income in 2015 has reduced physical consumption of non-food products by 20 percent, and of food - by 4.2 percent. It was compensated by changes in preferences of citizens in favor of cheaper goods, despite the fact that the popularity of durable goods of economy class started to grow back in 2011, and of cheaper food - in 2013, as the research said. Although calories consumption per capita and the amount of expenditures on food have remained at the same level, vegetables, fruits, fish, seafood and alcohol in everyday diet gave way to bread, potatoes and dairy products “Further shift in consumer preference towards cereals, flour, butter, seasonal vegetables and sugar is possible in future” – the research of ACRA stated. In addition, people now use durable goods for a longer period of time.

Average area of new apartments has also decreased - this figure fell by 19 percent from 2009 to 2015. At the same time indicators of per capita housing and public satisfaction with housing conditions are still growing: the average area of an old apartment is still 25 percent less than the area of a new one; and the improvement of the housing stock is ahead of population growth.

As analysts believe, in future Russians will save more and use durable goods and investment consumption goods for a longer period of time. At the same time ACRA predicts that real incomes of population will be shrinking for two and a half years. In this case the consumption sector will face long-standing stagnation, according to the report; then even in 2020 retail turnover will be 10 percent lower than in 2014. In mid-May the “Romir” holding reported that 90 percent of Russians had switched to saving mode. 43 people out of 100 save on food. Every fifth respondent reduced expenditures on entertainment and abandoned plans for expensive travels. 23 percent of respondents began to eat fewer delicacies.


Author: Anna Dorozhkina


Next Previous

You might also find interesting:

The Consumer Mood of Russians has Improved Best Russian-made Natural Cosmetics Brands Eating Habits of Russian Businessmen Russian Scout Clubs The Most Popular New Year Gifts For 2017

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Business in Russia  Novosibirsk  Tyumen  Vladimir Klitchko  Russian space missions  Archeological Finds  Auchan  Woodwork  Forest Reserves  Zakhar Prilepin  Veronika Skvortsova  Moscow  Tickets for Concerts  Sestra Peak  Zhigulevsky Reserve  World Economic Forum  Republic of Bashkortostan  Mercedes-Benz Fashion Week Russia  Russian Cinema  Golden Raven Arctic Film Festival  Russian Meteorological Center   TASS  extreme tours in Russia  Izhevsk  odd news  Russian ballet  Nizhny Novgorod Region  travel to Russia  Monuments  Chelyabinsk  Syria  biology  St. Petersburg restaurants  eclipse  Andrey Krupinin  Manor Tourism  Russian regions  Russian space exploration  Events in Moscow  Russian Theater  Russian business  Russian education  Russian Emperors  Exhibitions in Moscow  Izmailovo Kremlin  Festivals in Moscow  Russian tourism  Kabardino-Balkaria  Tula  St. Petersburg 

Travel Blogs
Top Traveling Sites