Inflation Builds Up

Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 20, pp. 5-7

3 Pages Posted: 29 Dec 2018

See all articles by Pavel Trunin

Pavel Trunin

Gaidar Institute for Economic Policy

Alexandra Bozhechkova

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: December 5, 2018

Abstract

Emerging markets have stabilized somewhat for the time being, reducing pressure on the Russian rouble. Inflation continues to speed up. The Bank of Russia projects consumer price growth rates reaching 3.8–4.2% in 2018 and the year-to-year inflation rate at 5.0–5.5% at 2019 year end, and it is not until 2020 that the inflation rate is expected to return to its target rate (4%). Inflation risks may force the Russian central bank to hike the benchmark interest rate late this year/early next year.

Keywords: Russian economy, inflation, prices

JEL Classification: E31, E44, E58

Suggested Citation

Trunin, Pavel and Bozhechkova, Alexandra, Inflation Builds Up (December 5, 2018). Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 20, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3296260

Pavel Trunin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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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