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Year-on-year consumer spending growth* in Russia between January and April 2020

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Source

Release date

May 2020

Region

Russia

Survey time period

January to April 2020

Number of respondents

40,000 respondents**

Supplementary notes

* In real terms, discounting inflation.
** The Romir Scan Panel is based on household consumption data from 40,000 Russians, 15,000 households in 220 cities with a population of 100 thousand or more, revealing consumer behavior in the Russian cities. Panel members scan QR codes from shopping tickets and sent it to the scan panel database.

Citation formats

Monthly consumer spending growth in Russia 2020

Published by D. Clark, May 20, 2020
Household expenditure growth rates in Russia skyrocketed in March 2020, which happened to coincide with the panic shopping related to the coronavirus (COVID-19) outbreak in the country. After adjusting to the current inflation rates, consumer spending grew at a 122 percent rate in that month, which was significantly higher in nominal terms. However, in April 2020, the figures dropped and marked a growth of 101 percent.
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