IDEAS home Printed from https://ideas.repec.org/a/rnp/ecopol/1144.html
   My bibliography  Save this article

Dependence of Russian Inflation on the Dynamics of the World Food and Oil Prices

Author

Listed:
  • Petronevich, Maxim

    (National Research Institute Higher School of Economics)

  • Kondrashov, Nikolai

    (National Research Institute Higher School of Economics)

Abstract

The article examines the impact of world prices for consumer price inflation in Russia in the context of some food items (wheat, bread, pasta, sunflower oil, milk, sugar, rice, poultry, pork, beef) and gasoline, which together account for 26% of consumer basket in order to calculate inflation in 2011. Results of the analysis suggest that the factor in world food prices is significant, but in most cases (for 8 out of 11 commodity groups) — the dominant, as it allows to explain more than 94% of the variance of domestic prices during the period from January 2005 to March 2011. The analysis confirms the hypothesis of an asymmetric nature of the following Russian prices for the world: with a decrease in external price reduction of domestic retail prices is extremely slow, and for some commodity groups does not occur at all.

Suggested Citation

  • Petronevich, Maxim & Kondrashov, Nikolai, 2011. "Dependence of Russian Inflation on the Dynamics of the World Food and Oil Prices," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 4, pages 128-147.
    • Handle: RePEc:rnp:ecopol:1144
    as

    Download full text from publisher

    File URL: https://repec.ranepa.ru/rnp/ecopol/1144.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rnp:ecopol:1144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: RANEPA maintainer (email available below). General contact details of provider: https://edirc.repec.org/data/aneeeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.