THIS MESSAGE (MATERIAL) IS CREATED AND (OR) DISTRIBUTED BY A FOREIGN MASS MEDIA PERFORMING THE FUNCTIONS OF A FOREIGN AGENT AND (OR) A RUSSIAN LEGAL ENTITY PERFORMING THE FUNCTIONS OF A FOREIGN AGENT.
At the end of 2021, consumer inflation, calculated on a basket of goods that people actually buy on a daily basis, reached 18%. Such data was provided by the Romir research holding.
“The calculation methodology is based on data on real prices and real consumption of Russians, obtained using the Romir Scan Panel of households,” states the Romir website. “More than 15 million purchases actually made by residents of Russian cities in 2008-2020 were subjected to complex multivariate analysis.”
The Romir deflator index takes into account 200 consumer goods (FMCG, Fast Moving Consumer Goods).
Inflation calculated using this method is more than double the official figure of Rosstat – 8.4%.
According to experts, in 2020, inflation in the real consumption basket of Russians was 7%, while Rosstat estimated price growth at 4.91%.
In turn, economist Mikhail Khazin suggested earlier that the policy of the Central Bank could lead to zero savings of Russians. “The purchasing power of the money of Russian citizens has significantly decreased due to the record level of inflation in 2021. However, another powerful blow awaits the savings of the Russians,” Khazin said. Russians’ money is depreciating, more and more significant amounts have to be paid for the purchase of goods, he added.
According to the expert, if the Central Bank sharply raises the key rate in February, the rapid process of devaluation of citizens’ funds will continue.
Source: Rosbalt
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