Prices in the Transition: Ten Stylized Facts

ByPaula De Masi, Vincent Koen

November 1, 1997

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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

The overall price level increased sharply in transition countries once prices were freed. Disinflation has most frequently been gradual, with prices continuing to rise rapidly in subsequent years. This paper identifies the well-known and lesser-known features of inflationary processes in central and eastern Europe, the Baltics, Russia, and other countries of the former Soviet Union on the basis of a sample of 26 countries and observations spanning the first five to seven years of transition.

Subject: Consumer price indexes, Consumer prices, Food prices, Inflation, Price structures, Prices

Keywords: Baltics, Consumer price indexes, consumer price price level, Consumer prices, Food prices, goods, goods price, Inflation, price, price level, price level disparity, price liberalization, Price structures, prices, transition, vis-à-vis Austria, WP

Pages:
31
Volume:
1997
DOI:
https://doi.org/10.5089/9781451857542.001
Issue:
158
Series:
Working Paper No. 1997/158
Stock No:
WPIEA1581997
ISBN:
9781451857542
ISSN:
1018-5941

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