Regional Economy report: growth in prices and consumer activity slows down
Monthly growth in consumer prices (seasonally adjusted) slowed down in most regions in December following the decrease in consumer activity. However, in general, prices still grew at an increased rate. Individuals’ propensity to save increased. Demand for retail and corporate loans slowed down.
Economic growth continued. Food companies in European Russia and in the Urals increased output. New pharmaceutical facilities opened in Central Russia. Transport infrastructure actively developed in the South and in the Far East to increase turnover with Asian countries. In addition, demand for manpower remained high.
The special topics of this issue include regional budgets, the housing market and mortgages as well as the meat and egg market.
More details are available in the February issue of the Regional Economy: Commentaries by Bank of Russia Main Branches report.