INCOME AND POVERTY IN 2016

Elena Grishina and Aleksandra Burdyak
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Elena Grishina: Gaidar Institute for Economic Policy

Russian Economic Development, 2016, issue 11, 37-39

Abstract: IIn September 2016, real disposable income and real wage were 97.2% and 102.8%, respectively, compared to the same period last year. The real size of pension benefits in August 2016 reached 96.2% compared to the same period last year. In two years, real disposable income decreased by 8.7% while retail sales of food and non-food products fell even more – by 13.9%. Poverty rate in Q2 2016 was 13.5%, which is slightly below the level of the Q2 2015 – 14.0%. Growth in consumer prices in January–September 2016 (4.1%) was the lowest for the entire period since 1991.

Keywords: INFLATION AND MONETARY POLICY; Russian Economy (search for similar items in EconPapers)
JEL-codes: I31 (search for similar items in EconPapers)
Date: 2016
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