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Inflation And Monetary Policy In July 2013

Author

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  • Alexandra Bozhechkova

    (Gaidar Institute for Economic Policy)

Abstract

In July 2013, the Consumer Price Index (CPI) amounted to 0.8% (against 1.2% in July 2012), which is by 0.4 p.p. higher than its value recorded in June 2013. Over the period from 1 August through 26 August, the CPI rose by 0.1%. Thus, the inflation rate in per annum terms increased above 5.6%. In Q2 2013, according to the Bank of Russia’s preliminary estimates, net capital outflow from Russia reached the level of $ 10bn; on the whole over the first half year of 2013, it amounted to $ 38.4bn, which is by $ 1.7bn below its index for the first half year of 2012.

Suggested Citation

  • Alexandra Bozhechkova, 2013. "Inflation And Monetary Policy In July 2013," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 5-7, September.
  • Handle: RePEc:gai:recdev:202
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    More about this item

    Keywords

    INFLATION AND MONETARY POLICY;

    JEL classification:

    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy

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