Measuring Domestically Generated Inflation

Alexey Ponomarenko

No note2, Bank of Russia Working Paper Series from Bank of Russia

Abstract: In 2014-2015, inflation acceleration was driven mainly by external factors. As they were exhausted, CPI growth decreased predictably. At the same time, our estimates show that domestic factors currently fail to ensure a decline in the price growth to 4% in 2017. A slowdown in the growth rate of the wide range of domestic nominal indicators is necessary in order that the Bank of Russia may achieve its inflation target. Otherwise, further inflation deceleration may prove to be unsustainable in the medium term.

Pages: 5 pages
Date: 2016-05
New Economics Papers: this item is included in nep-cis and nep-mac
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