Over 60% of consumers spend half of their salary on food

According to the results of the survey conducted by the Analytical Center of the Synergy University, more than 60% of Russians spend about half of their monthly income on food. The survey consisted of 5,000 people, ages 20-55.

“60.4% of Russian citizens spend about half of their monthly income for food, 16% spend almost all their earnings on food, and 14.8% about a third of their income. Another 8.8% spend no more than 20% of their budget on food,” the analysts said.

Also, 96.3% of respondents drew attention to the rise in food prices. The claimed that vegetables, fruits, dairy products, meat and vegetable oils have risen most of all. To a lesser extent, Russians felt the increase in the cost of fish, sugar, grain, and pasta. “The survey participants named the factors that could contribute to the growth of inflation in Russia. We are talking about the weakening of the ruble (36.1% answered), price hikes in retail chains (31%), the orientation of manufacturers to export goods to the detriment of domestic consumers (26,3%), and high inflationary expectations of the population (6.6%),” the analysts said.

Tass.com reports that the respondents claim that resellers (32.8%) and retail chains (26.3%) are primarily responsible for the rise in prices, while 77.1% of respondents expect an increase in food prices in the coming month. Out of the respondents, 21.5% believe that inflation in Russia will remain at the current level. Another 1.4% believe in the imminent reduction of prices in stores.

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Source: Fresh Plaza