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labour and intersectoral
competition for employees boosted a rise in wages. Inflation and inflation expectations
remained elevated due to higher demand and costs. The worsening
for
obligations of the Government of the Russian Federation, debt achieving the inflation target. The key rate is set by the Bank
obligations of other
29.
Altissimo, F., Benigno, P., Palenzuela, D. R., 2003. Long-run determinants of inflation
differentials in a monetary union. NBER Working Paper Series 11473.
Balassa, B.
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May—June 2021. This was driven by rising real wages, still elevated inflation expectations, and expanding retail lending.
As demand was growing, companies continued to
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of Russia’s decisions to raise the key rate will help bring inflation back to 4% in 2022 H2 and subsequently stabilise it close to
я до кла до в
Department Analytical Note Money stock composition and inflation risks
2 о б э к о н о мич е Ск
Journal of Comparative Economics, Vol. 35, pp. 653 – 675
Bittencourt M. (2011). Inflation and financial development: Evidence from Brazil // Eco-
nomic Modelling. – Т. 28. – № 1.
be realized subject to favourable institutional changes, maintenance of con-
trol over inflation and further diversification of the economy.
The greatest positive macroeconomic effect is
as inflation drivers. The microeconomics of inflation.
Microdata-based/big data-based inflation analysis&forecasting. External and internal drivers of
inflation. Financial drivers of inflation. Inflation expectations
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the acceleration of price growth for construction materials.
In June 2021, annual inflation rose to 6.5% partly due to the low base effect: June