Template-Type: ReDIF-Paper 1.0

Author-Name: Alexey Ponomarenko
Author-Email: PonomarenkoAA@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation



Title: Measuring Domestically Generated Inflation

Abstract: In 2014-2015, inflation acceleration was driven mainly by external factors. As
they were exhausted, CPI growth decreased predictably. At the same time, our
estimates show that domestic factors currently fail to ensure a decline in the price
growth to 4% in 2017. A slowdown in the growth rate of the wide range of domestic
nominal indicators is necessary in order that the Bank of Russia may achieve its
inflation target. Otherwise, further inflation deceleration may prove to be
unsustainable in the medium term.

Length: 5 pages
Creation-Date: 2016-05
Revision-Date:
Publication-Status:
File-URL: http://www.cbr.ru/Content/Document/File/87599/analytic_note_2_e.pdf
File-Format: Application/pdf
File-Function:
Number: note2
Classification-JEL: 
Keywords: 
Handle:RePEc:bkr:wpaper:note2