Inflation: 2016 Results
Monitoring of Russia's Economic Outlook. Moscow, No. 1, pp. 12-14, 2017
3 Pages Posted: 3 Apr 2017
Date Written: January 20, 2017
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: Suggested Citation