Inflation and Monetary Policy in August 2013
Russian Economic Developments. Moscow, 2013, #10, pp.10-14
5 Pages Posted: 26 Nov 2013
Date Written: October 30, 2013
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: Suggested Citation