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
Date Written: March 3, 2017
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: Suggested Citation