Income and Poverty in 2016

Russian Economic Developments. Moscow, 2016, No. 11, pp. 37-39

3 Pages Posted: 23 Nov 2016

See all articles by Elena Grishina

Elena Grishina

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Aleksandra Burdyak

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting

Date Written: November 23, 2016

Abstract

In 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.

Keywords: Russian economy, poverty, personal income

JEL Classification: I31

Suggested Citation

Grishina, Elena and Burdyak, Aleksandra, Income and Poverty in 2016 (November 23, 2016). Russian Economic Developments. Moscow, 2016, No. 11, pp. 37-39, Available at SSRN: https://ssrn.com/abstract=2874821 or http://dx.doi.org/10.2139/ssrn.2874821

Elena Grishina (Contact Author)

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia

Aleksandra Burdyak

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Social Analysis and Forecasting ( email )

Prechistenskaya naberezhnaya 11
Moscow, Moscow 119034
Russia
+7 495 695 11 62 (Phone)

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