Inflation and Monetary Policy in May 2014

Russian Economic Developments. Moscow, 2014, #7, pp. 6-9

4 Pages Posted: 29 Jul 2014

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: July 28, 2014

Abstract

In May 2014, the consumer price index stood at 0.9% (0.7% in May 2013), being equal to the value observed in the previous month. Therefore, inflation stood at 7.6% at the end of the 12-month period. The consumer price index reached 0.4% within 23 days in June 2014. as of June 1, 2014 banks’ debt owed to the regulator amounted to Rb 5.02 trillion. In May 2014, the value of the dual-currency basket contracted by 3% to Rb 40.4 and further declined by 3.2% to Rb 39.3 at the end of 27 days in June 2014.

Keywords: Russian economy, inflation and monetary policy

JEL Classification: P24, E52

Suggested Citation

Bozhechkova, Alexandra, Inflation and Monetary Policy in May 2014 (July 28, 2014). Russian Economic Developments. Moscow, 2014, #7, pp. 6-9, Available at SSRN: https://ssrn.com/abstract=2472856 or http://dx.doi.org/10.2139/ssrn.2472856

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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