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Retail trade, services and consumer prices in Russia in 2021: recovery to the pre-pandemic levels

Alexandra Burdyak
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Alexandra Burdyak: RANEPA

Published Papers from Gaidar Institute for Economic Policy

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.

Keywords: Russian economy; retail trade; consumer price index; household consumption; paid services (search for similar items in EconPapers)
JEL-codes: E21 H31 I18 I19 (search for similar items in EconPapers)
Pages: 5 pages
Date: 2022, Revised 2022
New Economics Papers: this item is included in nep-cis
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Handle: RePEc:gai:ppaper:ppaper-2022-1223