The effect of inflation on welfare of the population and Russian market capacity
The material basis of welfare of the population is its income. However, the inflation negatively affects current incomes of the population and market capacity determined by the value of current incomes. Given the variable dynamics of inflation, it is necessary to evaluate its impact on household inc...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2019-01-01
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| Series: | SHS Web of Conferences |
| Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2019/10/shsconf_cildiah2019_00071.pdf |
| Summary: | The material basis of welfare of the population is its income. However, the inflation negatively affects current incomes of the population and market capacity determined by the value of current incomes. Given the variable dynamics of inflation, it is necessary to evaluate its impact on household incomes and market capacity using the accumulated inflation rate with a scientifically based reference point. This calculation option will allow us to determine the dynamics of real average per capita incomes and market capacity calculated in constant prices of the reference point, assess the problem and its impact on the economic development. The low level of real per capita incomes and their negative dynamics are aggravated by loans of the population which reduce the market capacity and make the domestic market less attractive for manufacturers. |
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| ISSN: | 2261-2424 |