IDEAS home Printed from https://ideas.repec.org/a/gai/recdev/recdev-2016-8-706.html
   My bibliography  Save this article

Income, Poverty And Prices: Trends Of 2016

Author

Listed:
  • Grishina Elena

    (Gaidar Institute for Economic Policy)

  • Burdyak Alexandra

    (Gaidar Institute for Economic Policy)

Abstract

In May 2016, households’ real disposable cash income, real wages and the real size of granted pensions decreased as compared to the respective period of the previous year. In Q1 2015, the poverty rate amounted to 15.7%, having fallen somewhat as compared to the same period of the previous year which situation is related to a dramatic reduction of prices on a number of food products included in the consumer goods basket. In H1 2016, consumer prices rose by 7.8% as compared to the respective period of 2015, having virtually returned to moderate values after a 16% surge in H1 2015. With further reduction of the rate of inflation, the poverty rate may fall this year. At the same time, the number of overdue mortgage loans and the volume of overdue mortgage debt are growing. Credit burden is particularly high among households with children.

Suggested Citation

  • Grishina Elena & Burdyak Alexandra, 2016. "Income, Poverty And Prices: Trends Of 2016," Russian Economic Development, Gaidar Institute for Economic Policy, issue 8, pages 33-37, August.
    • Handle: RePEc:gai:recdev:recdev-2016-8-706
    as

    Download full text from publisher

    File URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-8-706.pdf
    File Function: Revised version, 2016
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    INFLATION AND MONETARY POLICY; Russian Economy;

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gai:recdev:recdev-2016-8-706. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Olga Beloborodova (email available below). General contact details of provider: https://edirc.repec.org/data/gaidaru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.