The rise in prices for products around the world turned out to be approximately the same, but in Russia it became especially painful, because unlike other European countries, where citizens spend on food 8, 10, 20 percent of income, Russians spend about 56 percent, She told the economist, analyst FG “Finam” Alexey Korenev. In a conversation with “Ribbon.ru,” he explained that in these states products are not so expensive regarding wages.
Chairman of the Central Bank Elvira Nabiullina stated that inflation in Russia in 2021 will be within 7.4-7.9 percent. Korenev noted that the forecast would indeed be true, but studies show that real inflation, as a rule, differs from the projected by about twice. Despite the fact that prices for products are growing all over the world, it is for the Russians that will be especially painful, he believes.
income and cost difference
“I suppose inflation will be somewhere within 7.5-8 percent, since a significant part of the intentional factors have already exhausted: the increase in the value of sea container shipments stopped, rolled back construction materials, the Central Bank plans to raise a bet. All this will have a positive effect on The dynamics of inflation. Nevertheless, I do not share the excessive optimism of the Central Bank: at 7.4 percent we will fit only with a very big luck, but in the corridor to 8 we can completely pass, and it will already be pretty good, “Korenev believes.
The basket is becoming more expensive for the same reasons as around the world. First of all, according to economist, it is about inflation costs, problems with logistics, supply chain elongation.
“I think now when this tangle is gradually disassembled, inflation will reduce its pace. In addition, in our country there are also additional measures in the form of excise tax, duties and other things. Worldwide products went up somewhere 33 percent for 33 percent Last year, but it is for us especially painful. Russians spend about 56 percent of salary for food, more than half of their income. In Western Europe, these figures range from 8 to 12 percent, in Eastern – from 15 to 20. More than half of the income spend only Russia and very poor countries, “the economist said.
In view of this, as Korenev explained, the feeling of an unprecedented price increase is quite subjective – all over the world products are becoming more expensive at exactly the same pace, but still remain much cheaper relative to the size of wages.
“We have all the money spend on housing and communal services, for food, health, and nothing else remains. The structure of consumption is different,” the interlocutor “Renta.ru”.
In November, Bloomberg concludes that the workforce deficit in Russia inhibits the restoration of the country’s economy after a pandemic. After the closure of the borders in 2020, millions of workers migrants left the country.