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.
Year-on-year consumer spending growth* in Russia between January and April 2020
* 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.
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Romir. (May 14, 2020). Year-on-year consumer spending growth* in Russia between January and April 2020 [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. "Year-on-year consumer spending growth* in Russia between January and April 2020." Chart. May 14, 2020. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. (2020). Year-on-year consumer spending growth* in Russia between January and April 2020. Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. "Year-on-year Consumer Spending Growth* in Russia between January and April 2020." Statista, Statista Inc., 14 May 2020, https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir, Year-on-year consumer spending growth* in Russia between January and April 2020 Statista, https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/ (last visited January 06, 2025)
Year-on-year consumer spending growth* in Russia between January and April 2020 [Graph], Romir, May 14, 2020. [Online]. Available: https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
