Relative Price Convergence in Russia
June 1, 1995
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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.
Subject: Consumer price indexes, Consumer prices, Food prices, Inflation, Price structures, Prices
Keywords: Baltics, Consumer price indexes, Consumer prices, food goods, Food prices, Global, goods price, Inflation, price level, price liberalization, Price structures, price variability, Western Europe, WP
Pages:
48
Volume:
1995
DOI:
Issue:
054
Series:
Working Paper No. 1995/054
Stock No:
WPIEA0541995
ISBN:
9781451847468
ISSN:
1018-5941
Notes
Also published in Staff Papers, Vol. 43, No. 1, March 1996.
