Inflation and Monetary Policy in November 2013
Russian Economic Developments. 2014, #1, pp. 9-11
3 Pages Posted: 30 Jan 2014
Date Written: January 29, 2014
In November 2013, the Consumer Price Index (CPI) amounted to 0.6%, similar to October 2013 (vs. 0.3% in November 2012). As a result, the inflation rate in per annum terms, as seen by the results of the first 11 months of 2013, rose above 6.5%. Over the period from 1 December through 16 December, the CPI amounted to 0.3%. Despite the ongoing slowdown in economic activity, the RF Central Bank has so far abstained from cutting its overnight lending rate.
Keywords: Russian economy, inflation, monetary policy
JEL Classification: P24, E52
Suggested Citation: Suggested Citation