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Rosstat: Russians have reduced real income
The real disposable income of Russians in the first quarter of this year decreased by 0,2% compared to the same period in 2019 and by 25% compared to the end of last year.
According to Rosstat, the income of Russians per capita in January-March averaged a little more than 31 rubles. This is 245% higher than the same period last year. The main sources of income were salaries (3,3%), social benefits (63%), income from business (19,2%) and property (5,9%). Other cash receipts account for 4%.
Savings decreased by 6,5%, although last year there was an increase of 0,1%. The amount of cash on hand increased by 2,6%, despite the fact that a year ago there was a decrease of 1,5%. The consumer price index in the first quarter grew by 2,4%, including 2% for food products and 2,5% for non-food products. Prices for services increased by 2,9%.
Most Russians spent on purchases and payment for services (88,1%), obligatory payments, fees and other expenses went away (15,8%). At the same time, last year these indicators were slightly lower.