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incomes below the subsistence level grew in the disadvantaged Buryatia and the Amur Region (from 20 to 23% and from 18 to 21%, respectively) and in the successful Yamalo-Nenets and Nenets districts (from 7 to 9% and from 10 up to 11%). It declined in the Crimea (from 18 to 13%) and declined in Ingushetia, Kalmykia, Kabardino-Balkaria and the Altai Republic, where the share of the poor exceeded 25-30%.
4.5.3 Retail sector dynamics
In April, retail sales turnover was up 2.4% y/y (from 2.0% y/y in the month before). While food sales growth of 2.0% y/y remained roughly the same (vs. 2.1% y/y), non-food sales demonstrated a more upbeat performance, accelerating to 2.7% y/y (from 1.8% y/y). Non-food retail sales were helped by recent FX weakness.
USDRUB was 6% MoM higher in April, and households extended their non-food consumption, likely on the back of concerns about a potential spillover of RUB weakness into non-food retail prices.This type of response is typical. The most pronounced instance was registered in December 2014, when households’ non-food consumption surged to 10.7% y/y in response to the RUB FX rate weakness.
38 RUSSIA Country Report June 2018 www.intellinews.com