Russian Disposable Income Drops, Inflation Highest Since 1999
Russia’s war in Ukraine and double-digit inflation drove down real disposable incomes in early 2022, the Rosstat statistics agency reported Wednesday. Real disposable income, a closely tracked indicator of Russian households’ financial wellbeing, calculates the amount residents have left to spend or save after payments. According to Rosstat, Russian households spent 17.1 trillion rubles ($231…