The dynamic of consumption: a major cut in households’ spending
Reduction of consumption is observed with all the groups of households. Households start to give up consumption of relatively expensive products, while a quarter of respondents of the social monitoring is prepared to save on food. Spending on pharmaceuticals, particularly, among low-income individuals have decreased. Maximum cuts were observed in spending on tourism abroad. Households have started to use less babysitting services and nursing services for sick relatives.