Inflation and Monetary Policy in August 2013

Russian Economic Developments. Moscow, 2013, #10, pp.10-14

5 Pages Posted: 26 Nov 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 30, 2013

Abstract

In August 2013, the Consumer Price Index (CPI) amounted to 0.1% (same as its level in August 2012), which is by 0.7 pp. lower than its value recorded in July 2013. Thus, the inflation rate in per annum terms, as seen by the results of the first 8 months of 2013, increased above 6.5%. Over the period from 1 September through 23 September, the CPI amounted to 0.2%. 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, monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in August 2013 (October 30, 2013). Russian Economic Developments. Moscow, 2013, #10, pp.10-14, Available at SSRN: https://ssrn.com/abstract=2347317 or http://dx.doi.org/10.2139/ssrn.2347317

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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