Price Levels across Russian Regions

Konstantin Gluschenko and Maria Karandashova

MPRA Paper from University Library of Munich, Germany

Abstract: Based on price levels (cost-of-living indices) across Russian cities that are published by the Russian Statistical Agency, regional price levels relative to the national average are computed over 2009–2015. Results obtained are compared with approximate estimates of regional price levels that are based on the cost of the fixed basket of goods and services for cross-region comparison of population’s purchasing capacity (many publications use such estimates). This comparison makes it possible to conclude that the crude method provides an acceptable accuracy. Regional price levels obtained are applied to estimating real (i.e. comparable between regions) incomes per capita relative to the national average.

Keywords: cost-of-living; index; spatial; price; index; fixed; basket; of; goods; and; services; real; income (search for similar items in EconPapers)
JEL-codes: D31 R10 (search for similar items in EconPapers)
Date: 2016-11-12
New Economics Papers: this item is included in nep-cis, nep-tra and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:75041

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