Prices and Living Standards: Food Dependency

Monitoring of Russia's Economic Outlook. Moscow, IEP, No. 3, 2017, pp. 21-24

4 Pages Posted: 3 Apr 2017 Last revised: 29 Apr 2017

See all articles by Aleksandra Burdyak

Aleksandra Burdyak

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

Date Written: March 3, 2017

Abstract

2016 was marked primarily by an all-time low consumer (especially food) inflation. The subsistence minimum, which is calculated based on the cost of a minimum food basket, was increasing at significantly slower pace than inflation. The cost of living has recently changed similarly for all regions of Russia, while in the previous years it saw a strong growth in poor regions.

Keywords: Russian Economy, Living Standard, Food Dependency

JEL Classification: I31, I32

Suggested Citation

Burdyak, Aleksandra, Prices and Living Standards: Food Dependency (March 3, 2017). Monitoring of Russia's Economic Outlook. Moscow, IEP, No. 3, 2017, pp. 21-24, Available at SSRN: https://ssrn.com/abstract=2944590 or http://dx.doi.org/10.2139/ssrn.2944590

Aleksandra Burdyak (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
+7 495 695 11 62 (Phone)

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