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3.1% in 2008 to 1.2% in 2009.
goods market. However, inflation remained high at the One factor affecting the decline in production was
credit indicators and modelling of changes
Interrelation of monetary factors and inflation. Forecasts of inflation
processes, using monetary indicators
Role of monetary indicators in identification
rise.
In the second half of 2008, the Russian economy saw Consumer inflation in 2008 quickened by 1.4 percent
its external conditions deteriorate significantly.
2584
12.03.2009
itself the task of gradually bringing inflation back onto the downward path. It is still committed to switch to inflation targeting and will continue to
inflation (part 1):
macroeconomic theories and practical aspects
Interrelation of monetary indicators and inflation (part 2): demand
and supply factor identification methods when modelling inflation
risk situation enjoyed by Russian exporters on world commod
of higher inflation. Consumer price inflation gained ity markets, stronger demand for Russian products, and
2.
the lowest inflation rate since 1991. The reduc the price of natural gas in Europe and world prices of non
tion in inflation was largely
2588
12.10.2006
the Bank of Russia’s monetary policy are the gradual reduction of inflation and ensuring stability of the national currency. The Bank of Russia believes
inflation rate since 1991. The fall in inflation was due to reduction in non interest expenditures made it possible
the significant slowing of core inflation,
3 billion rubles. It became a major factor of lessen
though the inflation target set for 2004 was surpassed, ing inflationary pressure on the economy.