nominal terms. However, in April 2020, the figures dropped and marked a growth of 101 percent.
Household expenditure growth rates in Russia skyrocketed in March 2020, which happened to coincide with the panic shopping related to the coronavirus (COVID-19) outbreak in the country. After adjusting to the current inflation rates, consumer spending grew at a 122 percent rate in that month, which was significantly higher in Year-on-year consumer spending growth* in Russia between January and April 2020
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Romir. (May 14, 2020). Year-on-year consumer spending growth* in Russia between January and April 2020 [Graph]. In Statista. Retrieved August 07, 2022, from https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. "Year-on-year consumer spending growth* in Russia between January and April 2020." Chart. May 14, 2020. Statista. Accessed August 07, 2022. https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. (2020). Year-on-year consumer spending growth* in Russia between January and April 2020. Statista. Statista Inc.. Accessed: August 07, 2022. https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir. "Year-on-year Consumer Spending Growth* in Russia between January and April 2020." Statista, Statista Inc., 14 May 2020, https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/
Romir, Year-on-year consumer spending growth* in Russia between January and April 2020 Statista, https://www.statista.com/statistics/1118947/russia-consumer-spending-growth/ (last visited August 07, 2022)