May estimated expenses of Russians on food

the Russians last month spent on food on average to 42% of total spending, according to research holding “ROMIR”.

According to experts, “in may, the total expenses of an average Russian family has made 57.6 thousand rubles, which is 1.4% higher than in April, and 13.5% below may of 2019”. “The cost of food (Food Index) in may was equal to 23.9 thousand. The share of expenditure on food amounted to 42%, which is one of the highest values of the index. Compared with April, the index decreased by 8.7%. At the same time against the last year index rising by 32.9%”, — stated in the study.

in the “Romira” noted that “the index was the highest during the observed period and was a result of the reduction of well-being and mood of the population, rising prices and the quarantine measures.”

Experts also believe that, “despite the positive trend, expressed in a reduction of cost of food and the growth of total expenditures, the index adopted the current value (much higher than the average for the season) against the background of greater certainty buyers: need for purchase of goods for a long period may have buyers already.” “This suggests that now the effect on the index have a structural rather than temporary factors. In the coming months the index will be adjusted in the direction of stabilization, but return to the old values not expected”, — summarized in “Romira”.

Earlier, experts of the holding, presented the results of the analysis according to which the Russians in may 2020 increased their daily expenditure growth in comparison with April and amounted to 6.4%. The real (net of inflation) expenditures and nominal, for the month also increased by 5.9%.

“In may, the nominal expenses of Russians grew by 6.4%. Compared with the previous may, the index was higher by 10.3%. Costs in may are the highest in this period for all years of observations” — States in “Romira”.

Analysts noted that “spending growth compared to last year due primarily to accelerated inflation.”

Recall that March 25, in a televised address to the nation Russian President Vladimir Putin expressed “extreme importance” to prevent “the threat of a rapid spread of the disease.” In this regard, he announced the week of 30 March-5 April “off, with pay”. April 2 in the course of the next televised address, Putin stated that the threat from pandemic coronavirus infection COVID-19 is maintained. The head of state decided “to extend the state of non-working days until the end of the month, ie April 30, inclusive”, but “with the retention by the employees of their wages.” On 28 April, the President extended a state of non-working days before 12 may, combining the traditional may holidays on the working days from 6 to 8 may.

we also Add 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, Putin announced the end of may 12, a single period of days off, entered March 30, in the fight against COVID-19. He also announced the beginning of implementation of the third package of anti-crisis measures, under which the state, in particular, will increase targeted support for families with children, small businesses, individual entrepreneurs and self-employed. In addition, Putin instructed the government to prepare a national PLan long-term development of the economy, the recovery in employment and incomes.

on 27 may, the Minister of economic development (MED) of the Russian Federation Maxim Reshetnikov said that the total cost of anti-crisis measures to support the Russian economy, aimed at combating the impact of the pandemic coronavirus has reached 3.3 trillion rubles.

on 2 June Prime Minister Mikhail Mishustin presented to the President a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will be about 5 trillion rubles.

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