Template-Type: ReDIF-Article 1.0
Author-Name: Natalia Luksha
Author-Name-First:Natalia 
Author-Name-Last: Luksha
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title:  Inflation and Monetary Policy
Abstract:   The effect of  September indexation of housing and public utilities prices began to subside, leading to a slowdown of inflation in October: as per the month results, the CPI equaled the same period of the last year and amounted to 0.5%. In November, the growth rate of consumer prices remained unchanged and on November 19 amounted to 0.3%. As a result, the cumulative inflation since the beginning of the year on that date amounted to 6% (against the relevant indicator of 5.6% last year). Thus, as per the year results, inflation is likely to be within the projected value, the upper level of which is 7%. According to tentative estimates of the RF Central Bank, the net capital outflow from the country within ten months of the current year reached $61bn (vs. $60bn the relevant period of 2011).
Classification-JEL:  E60, E61, E64, E62
Keywords: Inflation, Monetary Policy
Year: 2012 
Issue: 12
Month: November
Pages: 11-15
Journal:Russian Economic Developments
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/33Luksha.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:33