Inflation and Monetary Policy in July 2013

Russian Economic Developments. Moscow, 2013, #9, pp. 5-7

3 Pages Posted: 9 Oct 2013

See all articles by Alexandra Bozhechkova

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: October 8, 2013

Abstract

In July 2013, the Consumer Price Index (CPI) amounted to 0.8% (against 1.2% in July 2012), which is by 0.4 p.p. higher than its value recorded in June 2013. Over the period from 1 August through 26 August, the CPI rose by 0.1%. Thus, the inflation rate in per annum terms increased above 5.6%. In Q2 2013, according to the Bank of Russia’s preliminary estimates, net capital outflow from Russia reached the level of $10bn; on the whole over the first half year of 2013, it amounted to $38.4bn, which is by $1.7bn below its index for the first half year of 2012.

Keywords: Russian economy, inflation and monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in July 2013 (October 8, 2013). Russian Economic Developments. Moscow, 2013, #9, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=2337510 or http://dx.doi.org/10.2139/ssrn.2337510

Alexandra Bozhechkova (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereylok 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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