Relative Price Convergence in Russia

Author/Editor:

Paula De Masi ; Vincent Koen

Publication Date:

June 1, 1995

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary:

Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is further established that convergence toward international relative and absolute price levels is far from complete, and that geographical price dispersion within Russia has declined since early 1992 but remains fairly high.

Series:

Working Paper No. 1995/054

Subject:

Consumer price indexes Consumer prices Food prices Inflation Price structures Prices

Notes:

Also published in Staff Papers, Vol. 43, No. 1, March 1996.

English

Publication Date:

June 1, 1995

ISBN/ISSN:

9781451847468/1018-5941

Stock No:

WPIEA0541995

Pages:

48

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