Russians in June—July of this year almost doubled compared with last year has increased the demand for goods associated with construction and repair.
“Intelligence “Avito”, noted the record growth of demand for products of the category “Repair and construction”. In June and July, the figures have increased significantly compared to last year, but the hype was less than in months of self-isolation is dictated by seasonal factors, and consequences of a pandemic”, — quotes RIA of “news” excerpts from a review of the service to place ads.
The “Avito” note that the most popular in the summer months were construction materials and tools.
Recall that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.
may 11, Russian President Vladimir Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19.
In mid-July, analysts of the Central Bank of the Russian Federation explained that the acceleration of inflation in June in Russia “coincide” with the statistical effect. As stated by the experts of the regulator, “annual inflation in June accelerated to 3.21% after of 3.02% in may”. “However, this acceleration has everything to do with the statistical effect: the output from the inflation calculation low values in June—December last year. In General, the balance of risks remains tilted to the disinflationary side”, — emphasized in the review of the Bank of Russia.
In this case, the Central Bank pointed out that “the disinflationary factora, associated primarily with falling demand in the economy continue to prevail.” “Despite this, in June annual inflation accelerated somewhat expected on the background of very low growth of prices in June last year. The recovery of economic activity occurs gradually, supporting the disinflationary pressures in the economy. This is also facilitated by the relative stability in the financial markets and the recovery in oil prices”, — stated in the document.
we also Add that, according to Rosstat, in June consumer prices in Russia rose 0.2% the previous month, when they rose 0.3%. While yoy inflation in June accelerated to 3.2% from 3% in may.
Over the past year, consumer prices rose by 3% (December to December 2018). Thus, 3-percent inflation rate in 2019 was the second lowest value of this indicator for all history of modern Russia. The absolute minimum was recorded at the end of 2017 and 2.5% in 2018, prices increased by 4.3%.
the Ministry of economic development, according to the updated macroeconomic forecast expects annual inflation to end this year at 3.5%. For its part, the Bank of Russia assumes that inflation for the year will amount to 3.8-4.8% and will be close to 4% thereafter.
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