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Consumption of Goods and Services: Second Year of Pandemic Restrictions

Aleksandra Ya. Burdyak – Senior Researcher of the Russian Presidential Academy of National Economy and Public Administration (Moscow, Russia). E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

In April 2020, due to the introduction of lockdown, consumer demand significantly dropped. A year later, in April 2021, when the epidemiological situation caused ever less concern, the consumption of goods and services increased, almost recovering to the pre-pandemic level: for example, the retail trade turnover grew by 35%, and its structure looked more like “pre-COVID”. The subjective public perception of the rise in prices has changed over the past year: an increasing proportion of households consider it significant.

Key words: consumer demand, retail trade turnover, paid services, consumer inflation.

JEL-codes: I31, E31.