Inflation Builds Up
Monitoring of Russia's Economic Outlook. Moscow. IEP. 2018. No. 20, pp. 5-7
3 Pages Posted: 29 Dec 2018
Date Written: December 5, 2018
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: Suggested Citation