Template-Type: ReDIF-Paper 1.0
Author-Name: Burdyak Alexandra
Author-Name-First: Alexandra
Author-Name-Last: Burdyak
Author-Workplace-Name: RANEPA
Title: Retail trade, services and consumer prices in Russia in 2021: recovery to the pre-pandemic levels
Abstract: The volume of retail trade in 2021 exceeded that of the previous year by 7.3% in comparable prices; the volume of paid services consumed by households increased by 17.6% in annual terms.2 In 2021, growth in household consumption of goods and services was largely of a recovery nature, after as a result of pandemic-related restrictions their indices had declined in 2020 by 3.2% and 14.8% relative to 2019, respectively. The two-year movement of the volume of paid services (2019–2021) is near zero (+0.2%). The two-year growth in retail sales of foodstuffs, including beverages and tobacco products, amounted to 0.6%. The sales of non- food goods gained 7.1% relative to 2019. The cumulative retail turnover growth over two years amounted to 3.9% in comparable prices.
Classification-JEL: E21, H31, I18, I19
Keywords: Russian economy, retail trade, consumer price index, household consumption, paid services,
Creation-Date: 2022
Revision-Date: 2022
Length: 5 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1223.pdf
File-Format: application/pdf
File-Function: Revised Version, 2022
Handle: RePEc:gai:ppaper:ppaper-2022-1223