Formation of a Consumer Basket Under Conditions of Uncertain Inflation

Popov Vladimir A. () and Semenov Vladimir P.
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Popov Vladimir A.: Finance Academy under the Government of the Russian Federation
Semenov Vladimir P.: Plekhanov Russian University of Economics

Business Inform, 2013, issue 5, 73_76

Abstract: The article shows that inflation could be controled in the consumer market through reducing its rates and reducing inflation risks. The approach lies in consideration of risks of ingredients of the consumer choice as a component of a common consumer basket and not that of individual units. The level of correlations of price growth of goods of consumer choice lies in the centre of attention of the offered strategy of control. It is necessary to note that realisation of such measures as regulation of consumer demand and purposeful change of the structure of consumption - is a task, which could be solved only within the framework of the state policy. The state should use its power in the field of taxation, expenditures and monetary policy when eliminating economic instability.

Keywords: consumer basket; inflation risks; correlation of growth of prices (search for similar items in EconPapers)
Date: 2013
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