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

Author

Listed:
  • Burdyak Alexandra

    (RANEPA)

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.

Suggested Citation

  • Burdyak Alexandra, 2022. "Retail trade, services and consumer prices in Russia in 2021: recovery to the pre-pandemic levels," Published Papers ppaper-2022-1223, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1223
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1223.pdf
    File Function: Revised Version, 2022
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    More about this item

    Keywords

    Russian economy; retail trade; consumer price index; household consumption; paid services;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I19 - Health, Education, and Welfare - - Health - - - Other

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