According to the results of April this year, the consumption volumes of Russian households in the domestic market started to recover and reached 2021 levels. At the same time, positive shifts are recorded, both quantitatively and qualitatively, informs The newspaper “Kommersant”, which refers to the statistics of the Federal State Statistics Service (Rosstat) and the Ministry of Economic Development (Ministry of Economic Development).
Consumption adaptation has predominantly affected the non-food sector. In the segment of high-quality goods, the suppressed demand of the population is stable. The article stated that the total turnover of retail trade, catering and paid services in April was above 2022 and 2021 levels.
“Consumer activity in April is increasing both from last year and from the level of two years ago. Total turnover for retail, catering and paid services in April was 7.4% higher than April 2022 (after a 1.9% drop in March) and 0.1% higher than in April 2021.
May 29, Director of the Central Bank of Russia (CB) Kirill Tremasov declarationIt shows that consumer demand in the country is gradually recovering. However, its level is currently still slightly below pre-crisis levels.