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Inflation and Monetary Policy in Russia in February 2013

Author

Listed:
  • Natalia Luksha

    (Gaidar Institute for Economic Policy)

Abstract

In February 2013 the consumer price index made 0.6% (as compared with 0.4% in February 2012), which is less than in January of the current year by 0.4 p.p. In March infl ation has also increased: by the results of 18 days of the month, the CPI made 0.3%. As a result, the infl ation rate in annual terms reached 7.3%. According to the tentative estimates of the Ministry of Economic Development of Russia, in February the net outfl ow of capital from the country amounted to about $6bn (against $14–16bn from the beginning of the year).

Suggested Citation

  • Natalia Luksha, 2013. "Inflation and Monetary Policy in Russia in February 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 9-12, April.
  • Handle: RePEc:gai:recdev:103
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    More about this item

    Keywords

    Inflation; Monetary Policy; February 2013;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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