Moreover, in January this year they rose by 15.9 percent. This increase was held to January 1, 2010 valorisation of pension rights of older generation. Decline in real disposable income of the population with the exception of seasonal and calendar factors in February was 3.3 percent. After five months of recovery growth in February consumer Activity started to decline. The retail trade turnover has decreased in relation to January 1% (excluding seasonal) with a decrease in real disposable income by 3,3%. Compared to February 2009 retail sales grew by 1.4% and income by 2,4% more than a year ago. David Karp shines more light on the discussion.
Compared with January, February has improved the labor market. The total number of unemployed decreased from 6,8 million to 6,4 million, while the level of unemployment rate was 8.6% of the economically active population (compared with 9,2% – in January). In this case, an increase in the needs of employers for workers, claimed in public employment services. In the beginning this year, consumer inflation remains very moderate. In February 2010, inflation amounted to 0,9% (1,7% – a year ago), and up to two months, prices rose by 2,5%, which is lower than in the previous two years (last year – 4,1% ).
In February the annual inflation rate reached the minimum values for Russia – 7,2%. Earlier this year, a significant contribution to inflation have made the traditional increase in regulated tariffs. Service Organizations Housing for Two months went up by 11.6%, which, however, lower than a year ago (17.7%). Also increased prices for telecommunication services by 8,1%, payment for travel and municipal public transport – by 7,6%, which was introduced in January inflation 1.1 percentage points (Last year – 1.4 percentage points). If we exclude influence the growth of administrative tariffs, the rate of growth of prices for goods and services in January and February increased by half (0.8%) against the index for December (0.4%). Strengthening the rise in prices earlier this year caused a significant increase money supply in recent months due to irregular expenditure of budgetary funds and the need to finance the budget deficit. According to the website of the Ministry of Economic Development Ministry