ALTERNATE ASSESSMENTS OF INFLATION RATES IN THE RUSSIAN FEDERATION: REGIONAL ASPECT
Abstract
This article uses official statistics as a basis for analysis of reporting parameters for inflation targeting regime selected by the Bank of Russia to measure inflation rates in national economy. Aggregated consumer price index (CPI) adopted by the Bank of Russia is shown to not always adequately reflect the real consumer price dynamics considering existing in our country regional differentiation of the population by the average per capita income.
The paper reveals main causes of the mismatch between the reporting CPI and real inflation dynamics in regions of the Russian Federation. The indicator for estimating the rate of inflation has been improved, focusing on its measurement, taking into account the purchasing power of the population in the regions. This allows «anchoring» inflation expectations and improving the efficiency of price formation in the national economy.
Keywords
Bank of Russia,
inflation targeting regime,
consumerprice index (CPI),
dynamics of purchasing power of the population,
per capita monetary incomes of the population,
average per capita spending of the population,
regions (constituent entities) of the Russian Federation,
fixed basket of consumer goods
About the Authors
S. A. Andryushin
Institute of Economics RAS
Russian Federation
Russian Federation
Sergei A. Andryushin
V. V. Kuznetsova
Lomonosov Moscow State University
Russian Federation
Russian Federation
Valentina V. Kuznetsova
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Review
For citations:
Andryushin S.A., Kuznetsova V.V. ALTERNATE ASSESSMENTS OF INFLATION RATES IN THE RUSSIAN FEDERATION: REGIONAL ASPECT. Voprosy statistiki. 2017;(4):64-73. (In Russ.)
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