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Consumption of Goods and Services: Second Year of Pandemic Restrictions
[Потребление Товаров И Услуг: Второй Год Пандемийных Ограничений]

Author

Listed:
  • Burdyak Aleksandra

    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In April 2020, due to the introduction of lockdown, consumer demand significantly dropped. A year later, in April 2021, when the epidemiological situation caused ever less concern, the consumption of goods and services increased, almost recovering to the pre-pandemic level: for example, the retail trade turnover grew by 35%, and its structure looked more like “pre-COVID”. The subjective public perception of the rise in prices has changed over the past year: an increasing proportion of households consider it significant.

Suggested Citation

  • Burdyak Aleksandra, 2021. "Consumption of Goods and Services: Second Year of Pandemic Restrictions [Потребление Товаров И Услуг: Второй Год Пандемийных Ограничений]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 6, pages 62-65, June.
    • Handle: RePEc:gai:recdev:r2170
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    More about this item

    Keywords

    consumer demand; retail trade turnover; paid services; consumer inflation;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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