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Income And Poverty In 2016

Author

Listed:
  • Grishina Elena

    (Gaidar Institute for Economic Policy)

  • Burdyak Alexandra

    (Gaidar Institute for Economic Policy)

Abstract

IIn September 2016, real disposable income and real wage were 97.2% and 102.8%, respectively, compared to the same period last year. The real size of pension benefits in August 2016 reached 96.2% compared to the same period last year. In two years, real disposable income decreased by 8.7% while retail sales of food and non-food products fell even more – by 13.9%. Poverty rate in Q2 2016 was 13.5%, which is slightly below the level of the Q2 2015 – 14.0%. Growth in consumer prices in January–September 2016 (4.1%) was the lowest for the entire period since 1991.

Suggested Citation

  • Grishina Elena & Burdyak Alexandra, 2016. "Income And Poverty In 2016," Russian Economic Development, Gaidar Institute for Economic Policy, issue 11, pages 37-39, November.
    • Handle: RePEc:gai:recdev:recdev-2016-11-776
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    File URL: https://iep.ru/files/RePEc/gai/recdev/recdev-2016-11-776.pdf
    File Function: Revised version, 2016
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    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

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