Relative Price Convergence in Russia

ByPaula De Masi, Vincent Koen

June 1, 1995

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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

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:
https://doi.org/10.5089/9781451847468.001
Issue:
054
Series:
Working Paper No. 1995/054
Stock No:
WPIEA0541995
ISBN:
9781451847468
ISSN:
1018-5941

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Notes

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

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