Template-Type: ReDIF-Article 1.0
Author-Name:Alexandra Bozhechkova
Author-Name-First:Alexandra  
Author-Name-Last: Bozhechkova
Author-Workplace-Name:  Gaidar Institute for Economic Policy
Title: INFLATION AND MONETARY POLICY IN AUGUST 2015
Abstract: The Russian currency in July-August saw further substantial depreciation in the exchange rate. The weakening of
the ruble resulted largely in higher inflation and retained the central bank base rate at the level which was set
in September at a meeting of the Central Bank Board of Directors. The Consumer Price Index (CPI) in August kept
increasing up to 0.4% (0.2% in August 2014), reaching the August-end highest value for the first  time since 2010,
when the CPI gained 0.6%. Price growth rates accelerated most during the last week of August, when the CPI
gained 0.2%. In the fi rst three weeks of September consumer prices saw another hike of 0.5%.
Classification-JEL:P24, E52  
Keywords: INFLATION AND MONETARY POLICY  
Journal: Russian Economic Developments, Russian Economy
Year: 2015
Issue: 10
Month: October
Pages: 11-14
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/591Bozhechkova.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:591