What is going to become cheaper in Russia because of Financial Crisis

This image represents the fall in percentage for products which are going to be effected the most by the crisis in Russia. Property's prices are falling by 30%, car's prices by 10%, technological goods by 5%,food prices are going to be the same, petrol by 3% and fur coats (which are very popular in Russia, but sometimes are considered as luxury goods) by 10%.

Again, the article is not available in english, but i am going to explain everything , and if some people speak russian they can got to http://kp.ru/daily/24191/398342/ to read it .

The article was published on the 1st of november in "Komsomolskaya Pravda" and talks about the importance of the inflation for russians. Igor Nikolaev who is the representative of the Department of the Strategic Analyses in Russia, explains that prices are going down in our country, due to dicreasing demand,because of people getting redundant, salaries getting lower and banks do not give any more loans. Also, he states that it is arguable to consider deflation a better situation that the inflation. Because, inflation means that there are more demand than supply, therefore it shows that people in general have money. Where as, when prices are dicreasing , it can mean that there are enough goods, but there is much less demand, hence people are not ready to consume, therefore supply overweights the demand, which in its turn leads to the cut of employees, thus unemployment is going up.That is what had been happeng in 30's in US when Great Depression took place. Prices were falling dramatically, though did not solve main problems.

But Igor Nikolaev is more concerned with falling prices in Russia. He claims that prices for gaz and electricity are going to be stable, although, prices for luxury goods, like brand clothes, cars, jewellery are falling already and going to carry on like this. Also, other goods, such as described above are falling as well. Many shops have sales across Russia, because owners need ANY MONEY to pay rents, electrycity bills, tax etc. And they just do not have alternatives, as banks do not help anymore. Houses and apartments are on the market at 30-40% sales.

All this worries me a lot and , to be honest, i dont know what to expect from this situation in the future.

In my next post, i am going to write about the interview with Mikhail Khazin very well-known russian economist,which is available in english, though english version is not as big as russian, and explains the predictions for the future because of the Global Financial Crisis as well as reasons behind it. This interview is really fascinating and i hope you are going to get a lot of usefull information from it. It is going to be named:"US may have Great Depression again/Russian Oligarchs can loose everything"