Inflation: 2016 Results

Monitoring of Russia's Economic Outlook. Moscow, No. 1, pp. 12-14, 2017

3 Pages Posted: 3 Apr 2017

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

Pavel Trunin

Gaidar Institute for Economic Policy

Date Written: January 20, 2017

Abstract

Last year, the Bank of Russia pursued conservative monetary policy aimed at reducing inflation. As a result, the inflation was 5.4% (December 2016 compared to December 2015), being significantly lower than it had been in 2015 (12.9% in December 2015 compared to December 2014). It is now the new historical minimum – previously, the lowest indicator was 6.1% in 2011.

Keywords: Russian Economy, Inflation, Monetary Policy

JEL Classification: E31, E44, E52

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, Inflation: 2016 Results (January 20, 2017). Monitoring of Russia's Economic Outlook. Moscow, No. 1, pp. 12-14, 2017. Available at SSRN: https://ssrn.com/abstract=2944577 or http://dx.doi.org/10.2139/ssrn.2944577

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

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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