SHS Web Conf.
Volume 69, 2019The International Scientific and Practical Conference “Current Issues of Linguistics and Didactics: The Interdisciplinary Approach in Humanities and Social Sciences” (CILDIAH-2019)
|Number of page(s)||4|
|Published online||25 October 2019|
The effect of inflation on welfare of the population and Russian market capacity
Candidate of Economic sciences, Reshetnev Siberian State University of Science and Technology,
* Corresponding author: firstname.lastname@example.org
The material basis of welfare of the population is its income. However, the inflation negatively affects current incomes of the population and market capacity determined by the value of current incomes. Given the variable dynamics of inflation, it is necessary to evaluate its impact on household incomes and market capacity using the accumulated inflation rate with a scientifically based reference point. This calculation option will allow us to determine the dynamics of real average per capita incomes and market capacity calculated in constant prices of the reference point, assess the problem and its impact on the economic development. The low level of real per capita incomes and their negative dynamics are aggravated by loans of the population which reduce the market capacity and make the domestic market less attractive for manufacturers.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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