9 years ago
Russians to Spend More Than Half of Their Income on Food
Soaring inflation and a reduction in real wages could have Russians spend half of their income on food by the end of this year, a news report said Monday. A survey of Russian retail prices by VTB Capital cited by business daily Vedomosti predicted spending on food could account for between 50-55 percent of household income by the end of 2015, up from 40 percent last year. Inflation and a reduction in real wages, linked to the devaluation of the ruble, are to blame for the...
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