INFLATION AND MONETARY POLICY IN AUGUST 2015

Alexandra Bozhechkova

Russian Economic Development, 2015, issue 10, 11-14

Abstract: The Russian currency in July-August saw further substantial depreciation in the exchange rate. The weakening of the ruble resulted largely in higher inflation and retained the central bank base rate at the level which was set in September at a meeting of the Central Bank Board of Directors. The Consumer Price Index (CPI) in August kept increasing up to 0.4% (0.2% in August 2014), reaching the August-end highest value for the first time since 2010, when the CPI gained 0.6%. Price growth rates accelerated most during the last week of August, when the CPI gained 0.2%. In the fi rst three weeks of September consumer prices saw another hike of 0.5%.

Keywords: INFLATION; AND; MONETARY; POLICY (search for similar items in EconPapers)
JEL-codes: E52 P24 (search for similar items in EconPapers)
Date: 2015
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