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Inflation Continues to Heat Up

Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2019. No. 1, pp. 5-7

3 Pages Posted: 17 Feb 2019

See all articles by Pavel Trunin

Pavel Trunin

Gaidar Institute for Economic Policy

Alexandra Bozhechkova

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

Date Written: February 6, 2019

Abstract

Inflation in Russia stood at 4.3% at 2018 year end, posting an increase of 0.3 percentage points over the central bank’s target inflation rate and of 0.1 percentage points over its preliminary forecast. Early 2019 saw prices continue to heat up: consumer prices and services rose 0.7% in the first two weeks of January (versus 0.3% in January 2018). Given the recent trends, the 2019 year-end inflation is expected to vary within a range of 5.0% to 5.5%, but it is not until 2020 that inflation is expected to decline back to the 4% target.

Keywords: Russian Economy, Inflation

JEL Classification: E31, E44, E52

Suggested Citation

Trunin, Pavel and Bozhechkova, Alexandra, Inflation Continues to Heat Up (February 6, 2019). Monitoring of Russia's Economic Outlook. Trends and Challenges of Socio-Economic Development. Moscow. IEP. 2019. No. 1, pp. 5-7, Available at SSRN: https://ssrn.com/abstract=3329867 or http://dx.doi.org/10.2139/ssrn.3329867

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 Academy of National Economy and Public Administration under the President of the Russian Federation (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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