The Russians were forced to moderate their appetites. On fresh VTSIOM, 2/3 of our citizens has reduced daily costs, in which the share of spending on food can reach 80%. At the same time most afraid to make major purchases. Came the peak of least consumption.
The Russians remembered the old Soviet slogan “the Economy must be economical”. The share of those who considers it necessary to reduce daily expenses, has reached an annual maximum of 66%.
“The position to refrain from spending, which was formed in Russia in recent months at the household level, fixed — says a leading expert consultant VTSIOM Oleg chernozub. — Against this background, there is a steady decline of retail trade turnover. Thus, annual inflation decreased from almost 17% in the spring of 2015 to 7% in the spring of 2016. So the risk to encounter at least a short-term period of deflation may occur this autumn. Probably the reason why the Central Bank so stubbornly is not going to reduce the key interest rate, leaving himself space to maneuver.
In his study of the polls has led several interesting figures. So, about 65% of respondents believe that now there is no need to make big expensive purchases. 87% of respondents are afraid to take loans.
Trust banks opinions were divided almost evenly: 37% suggest to put free money in the Bank, while 39%, in contrast, propose to take from their savings accounts.
Sergey HESTANOV, Advisor on macroeconomics General Director of a DB “Opening”:
— Usually from the beginning of the crisis to the moment, as people feel the first negative change, takes place a couple of blocks. Therefore, the reaction of the citizens is always somewhat delayed. It can be stated that, although the economy as a whole to adapt, but the people themselves have just started this process. So it was, for example, in the United States during the crisis of the late naughties.
Irina ROGOV, Forex Club analyst:
— According to the National Bureau of credit histories, recorded in the spring the growth of the debt of the population from 22.7 per cent to 27.13%. People increasingly difficult to pay its loans. It’s not up to new loans.
Financial crisis. Chronicle of events