War and sanctions will hit Russian consumer spending
Shoppers are reining in their purchases as goods become unavailable and family earners go off to fight
You must be signed in to read this analysis
In this article
- Mobilisation shock
- Mass exodus
- Retail slump
- Bank withdrawals
- Factors in spending squeeze
- Nominal wage growth
- Inflation erodes purchasing power
- Cost-saving
- Limited choice
What is this?
This article is from the Oxford Analytica Daily Brief, which analyses geopolitical, economic, social, business and industrial developments on a global and regional basis, providing clients with timely, authoritative analysis every business day of the year. Find out more about the Oxford Analytica Daily Brief, or request a trial.
