Consumption of Goods and Services: Second Year of Pandemic Restrictions

Потребление товаров и услуг: второй год пандемийных ограничений

Aleksandra Burdyak

Russian Economic Development, 2021, issue 6, 62-65

Abstract: In April 2020, due to the introduction of lockdown, consumer demand significantly dropped. A year later, in April 2021, when the epidemiological situation caused ever less concern, the consumption of goods and services increased, almost recovering to the pre-pandemic level: for example, the retail trade turnover grew by 35%, and its structure looked more like “pre-COVID”. The subjective public perception of the rise in prices has changed over the past year: an increasing proportion of households consider it significant.

Keywords: consumer demand; retail trade turnover; paid services; consumer inflation (search for similar items in EconPapers)
JEL-codes: E31 I31 (search for similar items in EconPapers)
Date: 2021
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