Russian Inflation Keeps Tumbling

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 8-10

3 Pages Posted: 23 Jan 2018

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: 2017

Abstract

Inflation in Russia dropped to 2.5% year-on-year in November 2017, hitting lows not seen in Russia’s recent history, in response to a good crop, Russian rouble appreciation and slow demand recovery. It appears to be unlikely that consumer price growth will leap over 2.5–2.7%. The economic contraction has prompted the Bank of Russia to double down on easing the monetary policy, cutting the key interest rate by 0.5 p.p., straight away to 7.75%, on 15 December.

Keywords: Russian economy, inflation

JEL Classification: E31

Suggested Citation

Bozhechkova, Alexandra and Trunin, Pavel, Russian Inflation Keeps Tumbling (2017). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2017. No. 23, pp. 8-10, Available at SSRN: https://ssrn.com/abstract=3102908 or http://dx.doi.org/10.2139/ssrn.3102908

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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