Ural Federal District: Locals Spend 2.5% More in July

UrBC, Yekaterinburg, August 9, 2017. Ural Federal District’s residents’ everyday expenses increased by 2.5% in July 2017, Romir Holding’s press service reports.

In Russia on the whole, people’s spending rose by 0.6% against June 2017 and by 8.1% against last July, which is twice as much as the official inflation rate of 3.9%.

This increased spending, combined with the dropping average store receipt amount, indicates that Russians keep on looking for best price offers and have to both spend more and go shopping more often.

Expenses were up last month for people based in almost every part of Russia, with the exception of Volga District, where locals’ spending dropped by 3.6%. This was also true of both Moscow and Saint Petersburg as well as other big cities, where people’s everyday expenses decreased by 4.1%, 3%, and 1.5%, respectively. However, these figures were still 4% larger than those for one year previously, which is a bit above the yearly inflation rate.

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