Inflation and Monetary Policy

Natalia Luksha
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Natalia Luksha: Gaidar Institute for Economic Policy

Russian Economic Development, 2012, issue 12, 11-15

Abstract: The effect of September indexation of housing and public utilities prices began to subside, leading to a slowdown of inflation in October: as per the month results, the CPI equaled the same period of the last year and amounted to 0.5%. In November, the growth rate of consumer prices remained unchanged and on November 19 amounted to 0.3%. As a result, the cumulative inflation since the beginning of the year on that date amounted to 6% (against the relevant indicator of 5.6% last year). Thus, as per the year results, inflation is likely to be within the projected value, the upper level of which is 7%. According to tentative estimates of the RF Central Bank, the net capital outflow from the country within ten months of the current year reached $61bn (vs. $60bn the relevant period of 2011).

Keywords: Inflation; Monetary Policy (search for similar items in EconPapers)
JEL-codes: E60 E61 E62 E64 (search for similar items in EconPapers)
Date: 2012
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