Low purchasing power of the population constrains development of the economy

President of the Russian Grain Union Arkady Zlochevsky spoke about what constitutes the cost of food entering the Russian market and how it affects the purchasing power of the population.


The purchasing power of the population vacillates. It is influenced by demographic factors, changes in the social sphere, not to mention the fact that the cost of goods is significantly affected by the cost of energy - oil, gas - which in turn depends on a number of economic circumstances, both in the country and beyond. In the study of the purchasing power of the population, researchers study the power of different layers and their preferences in the choice of goods and services and estimate the number of certain types of goods purchased for each focus group. Depending on this, the analysts make an assessment of the increase or decrease in purchasing power for goods and services in various industries ranging from consumer goods and ending with the housing market. The purchasing power of money is also not a stable value, especially in recent times. It is influenced by many factors, both internal economic and foreign ones, as well as political events.