Russians began to consume more

Russians began to consume more

The Insane Russian Plan to Conquer the World

Russians began to consume more

According to Rosstat, in June of this year, Russians spent 3% more on the purchase of goods and services, while simultaneously reducing their savings from 11.3% to 7.8% of their income, compared to the same period last year..

In June 2017, the population spent 71.7% of their monetary income on various purchases within the country, and this year this figure has grown to 73.9%. There is also an increase in the storage of cash from 2.2% to 3.4%, which is about 100 billion rubles. The increase in this indicator is most likely associated with the preparation for the holiday season and the costs associated with the rest..

The decrease in the share of income allocated to the purchase of foreign currencies should also be noted, from 3.4% to 3% of income. This shows that Russians are increasingly giving preference to the ruble. However, the opposite is the situation with payment for goods and services abroad, where there is an increase from 2.4% to 3%. It’s connected with May fall in the national currency.

While the population strongly supports national producers, the FAS plans to increase the efficiency of industry by limiting the level of state support for surplus industries..

text: Ivan Malichenko, photo: Matthew Henry / Burst