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in services sector, pp.
pp.
RUR nominal effective exchange rate change, %mom (rhs)
RUR nominal effective exchange rate change, %mom (rhs) Input prices
Input prices
1792
27.06.2017
start of the year (a 12-month growth was 4.3%). Adjusted for exchange rate revaluation, the portfolio of foreign currency loans to non-financial organisations and
Official Exchange Rate of US Dollar Against Ruble*..................................................................................................................84
2.17. Official Exchange Rate of Euro Against Ruble*.........................................................................................................................86
2.18. Official Exchange Rate: Rubles
1794
16.06.2017
their decline.
Lower imports in the food consumer basket help reduce the exchange rate effect on prices. Yet, as import substitution unfolds, intra-year price fluctuations
1795
16.06.2017
This factor’s influence on inflation is abating amid the relatively stable exchange rate.
Monetary conditions.
Moderately tight monetary conditions played an important role in
1796
16.06.2017
their decline.
Lower imports in the food consumer basket help reduce the exchange rate effect on prices. Yet, as import substitution unfolds, intra-year price fluctuations
Official Exchange Rate of US Dollar Against Ruble*..................................................................................................................84
2.17. Official Exchange Rate of Euro Against Ruble*.........................................................................................................................86
2.18. Official Exchange Rate: Rubles
Official Exchange Rate of US Dollar Against Ruble*..................................................................................................................84
2.17. Official Exchange Rate of Euro Against Ruble*.........................................................................................................................86
2.18. Official Exchange Rate: Rubles
Official Exchange Rate of US Dollar Against Ruble*..................................................................................................................84
2.17. Official Exchange Rate of Euro Against Ruble*.........................................................................................................................86
2.18. Official Exchange Rate: Rubles
1800
09.06.2017
ago was to increase the flexibility of the exchange rate. We have moved to a floating exchange rate and consider this to have been the