Assessing the impact of foodstuffs consumption on the consumer purchasing power (by a case study of the Republic of Bashkortostan)

The paper analyzes the purchasing power of company and organization employees’ wages in the Republic of Bashkortostan. The research is based on available statistical data on foodstuffs consumption per capita in the Republic of Bashkortostan, changes in nominal wages and consumer prices. The effect of factors on the purchasing power of wages is considered. These factors are represented by twelve indicators which are directly related to their results. Assessing the influence of factors on the real wage index, the author selects the most significant indicators which are crucial in the correlation and regression model. Such foodstuffs as bread and bakery products made from wheat flour, ordinary vodka, whole milk, butter, and wheat flour have the greatest impact on the consumer purchasing power.