Relative Price Convergence in Russia
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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