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Authors : 1. Sergey Y. Petrov,
PhD (Economics), Associate Professor
Chuvash State University named after I.N. Ulyanov, Cheboksary, Russia
2. Galina N. Sokolova,
PhD (Economics), Associate Professor
Chuvash State University named after I.N. Ulyanov, Cheboksary, Russia
3. Ekaterina V. Babeshkova,
Senior Lecturer
Chuvash State University named after I.N. Ulyanov, Cheboksary, Russia
Features and prospects of fighting with inflation in Russia
Objective: to analyze problems and specifics of inflation in Russia.
Methods: inductive and deductive.
Results: the article analyzes the problems and features of inflation in Russia. The characteristic of inflation, the level and causes are given. The dynamics of inflation in Russia (from 2001 till 2013) is analyzed. The most significant factors and processes are determined and analyzed, that determine the level of inflation in the Russian economy. It is shown that the main reasons boosting inflation are high lending rates and annual increase of tariffs of natural monopolies. It is proved that the phenomena and processes that occur in the analyzed period, do not comply with the monetary rule. Measures are proposed to control inflation in the Russian economy..
Scientific novelty: new causes of inflation were detected; the Russian specifics of the phenomenon is shown.
Practical value: possibility to optimize the measures of state control over the Russian economy.
Keywords :
inflation; inflation rate; economic growth; monetization; issue; price rise; money supply; rates; interest rate
Bibliography :
1. http://www.cbr.ru/statistics/credit_statistics/MS.asp?Year=2010
2. http://www.gks.ru/wps/wcm/connect/rosstat_main/rosstat/ru/statistics/enterprise/industrial/#
3. International Financial Statistics, Bank of England, Bank of Japan, US Fed, Bundesbank, National bureau of statistics of China, Central Bank of the Russian Federation, available at: http://www.agronews.ru/news/detail/116319/
4. http://rbcdaily.ru/economy/opinion/562949989296792
5. Board of governors of the federal reserve system, available at: http://www.federalreserve.gov/
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