Assessment of the use of household monetary income in conditions of high inflation

The aggravation of the geopolitical situation and the imposition of sanctions caused a significant increase in prices in Russia. The paper examines changes in consumer and savings behavior of households in conditions of high inflation. The changes in the size of consumer spending and household savings, their share in total monetary income, as well as a decrease in the purchasing power of income are analyzed. Nevertheless, the purchasing power of incomes is decreasing, and the share of food products in their composition is increasing. By constructing a number of distribution of Russian regions by the share of consumer spending, an increase in their share in most regions has been determined. The distribution of Russian regions by the share of population savings growth, as a percentage of total monetary income in 2022 and 2023, showed an increase in the number of regions with a negative share of savings growth and a decrease in the share of savings in most regions. The paper considers changes in consumer expectations, proving the concern of households about the deterioration of their financial situation and rising prices. Special attention is paid to the Central Bank’s monetary policy aimed at regulating prices, stabilizing the national currency and preserving the savings of the population.