From December 2024 to January 2025, consumer activity slowed down.
Business expectations for prices have become more moderate, and there are signs of a decrease in labour market tensions. These and other trends in the country ' s economy, FO and the Yaroslav region have been addressed in the analytical report of the Bank of Russia on the " Regional Economy " .

Consumption and income. The increase in consumer activity in the CFCs has slowed, including by reducing the purchase of domestic and digital equipment. Growth in online trade slowed. At the same time, the demand for food, food and health goods has increased. The growth of the turpot in the new year ' s holidays kept demand in the fast food segment.

Prices. Over the past three months, the average price rise in FRF has been below the national total. This was due to the fact that a number of services (traffic, telecommunications, educational, medical) were more expensive than Russia ' s average. In January, the weekly price increase, according to Rosstat, slowed down but remained high. Business expectations have declined, still at a higher level (mainly in retail trade).

The banking sector. At the beginning of December, the monthly increase (seasonal adjustment) of the corporate credit portfolio slowed down. The retailer declined in December about last month (seasonal adjustment) due to consumer credit, which is affected by high rates and stringent macro-prudential requirements. The decline in the level of automobilization in December was affected by the increase in credit rates and prices following the increase in the utilitization fee.

Tourism. The increase in the internal tour of the past year continued at the beginning of 2025. In addition to the capital, which attracted 1.5 times more guests in the new year ' s weekend than in the past, the increasing demand for recreation was marked in a number of small cities. For example, Rybinsk and Pereslav-Zaleska, together with Coloma, Shuey and Suzdalem, became leaders in the growth of the turpot in early January, which was facilitated by tourism infrastructure development activities. The number of foreign tourists visiting the capital and the city of the Golden Ring has increased. The persistence of high consumer activity allows hotels, restaurants and other hospital representatives to bear the increased costs of services.

Production of clothing and shoes. The Jaroslava region, together with the Moscow region and the Twer region, has become one of the leaders in Central Russia at the rate of growth in clothing production. The existing measures of dominance, as well as the participation of enterprises in the execution of the dossier, have increased the range of products. However, due to reduced demand, more affordable imports reduce shoe production. In addition to the light industry in selected regions, the " squeeze " increases in the rental of production and storage areas that are insufficient in the market.

The labour market. Staff shortages have increased throughout the past year. There has been a movement of staff in the industry and higher-pay companies, and population migration to higher-paying regions has increased. Business solved the problem of human resources shortages in different ways: increased pay and improved working conditions, increased pressure on existing workers, improved business processes, improved production efficiency, developed staff training. In the fourth quarter, there were signs of a stabilization of the labour market: the number of open vacancies had ceased to rise and a number of industries had begun to decline.

“The Bank of Russia predicts that the economy will continue to grow in 2025-2026, but more moderately. Inflation will return to target in 2026. Russia ' s economy is gradually coping with sanctions challenges, building production processes and logistics to new conditions. Destination enterprises occupy the liberated niche and increase the production of goods, replacing imports. The economy has grown at a very high rate over the past two years, with almost all free productive resources (power, working hands). Further growth requires the introduction of new technologies, increased productivity. To this end, the company has greatly increased the investment that will result over several years.” Comments are made by the Chief of Economic Affairs of the Jaroslav branch of the Bank of Russia, Natalia Vakhrusev.

More detailed in the February report of the Bank of Russia “Regional economy: PG comments”♪ It is based on the views of experts, official statistics. Monitoring data for nearly 15,000 enterprises, including over 200 companies in the Yaroslav region, are a source of information.