Inflation and Monetary Policy in September 2013
Russian Economic Developments. Moscow, 2013, #11, pp. 4-7
4 Pages Posted: 26 Nov 2013
Date Written: November 25, 2013
In September 2013, the Consumer Price Index (CPI) amounted to 0.2% (against 0.6% in September 2012), which is by 0.1 pp. higher than its value recorded in August 2013. Thus, the inflation rate in per annum terms, as seen by the results of the first 9 months of 2013, increased above 6.1%. Over the first 23 days of October, the CPI amounted to 0.4%. In spite of a slowdown in economic activity, the RF Central Bank has not reduced its target interest rate.
Keywords: Russian economy, inflation, monetary policy
JEL Classification: P24, E52
Suggested Citation: Suggested Citation