As the Russian economy is benefiting from high oil prices, households spent 22% more on the purchase of goods and services in the reporting period compared to January-February 2006, the State Statistics Service said.
In February 2007, the nominal accrued wage per employee was 11,659 rubles ($448) on average, up 2% against January, and 26.4% more than in February 2006, the service earlier said.
Russian household savings increased 1.6% in the reporting period to 397.2 billion rubles (about $15.28 billion), the statistics body said.
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The main event of the third day of the 11th meeting of the Valdai International Discussion Club in Sochi was the closing session with President Vladimir Putin. The atmosphere was calm and open, despite the current political tensions and the Russia-West confrontation. The Russian president said that it corresponded to the spirit of the Valdai Club.