Russians spending half of their earnings for foodstuffs

Russians spending half of their earnings for foodstuffs

The Russians have started spending 50.1% of their earnings for foodstuffs, says a monthly monitoring report on social and economic situation and the general state of health that was done by the Institute of Social Analysis and Forecasting, Tass reports.

"For the first time over eight years foodstuffs outdid the manufactured goods in terms of retail sales volume, showing 50.1% and 49.9% in February 2016 respectively," the research said.

The previous record was set in May 2009 when the share of foodstuffs in the overall retail trade stood at 49.6%.

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