Current Aspects of Inflation Dynamics in the City of Sevastopol-Reference-Cited by-同舟云学术

Current Aspects of Inflation Dynamics in the City of Sevastopol

Published:2022-02-14 Issue:1 Volume: Page:55-61
ISSN:2587-9251
Container-title:Vestnik of the Plekhanov Russian University of Economics
language:
Short-container-title:Vestn. Ross. èkon. univ. im. G. V. Plehanova

Author:

Shevchuk I. A.¹,Bezhan M. V.²,Grishchenko O. A.²,Rakitina I. S.²

Affiliation:

1. Sevastopol branch of the Plekhanov Russian University of Economics

2. Division for the City of Sevastopol of the Southern Main Branch of the Central Bank of the Russian Federation

Abstract

Periodicals of economic literature thoroughly described the influence on inflation exerted by fluctuations of the national exchange rate and other external factors, which become apparent in imported inflation. The article analyzes and estimates the most important factors stimulating inflation in the city of Sevastopol. As the information base the authors used data of budget administration in Sevastopol in 2016–2020, official statistics and information of the Bank of Russia, as well as works by economists. This analysis helps identify factors exerting steady long-term influence on annual figures of inflation showing key trends in price dynamics in the region. Researching causes of negative impact on inflation processes takes into account the budget channel of regional economy financing, including through social benefits to people, retail crediting and other factors. The method of correlation analysis gives an opportunity to identify the most important acute pro-inflation factors. The findings can be used as extra information to forecast inflation processes in the region with regard to the impact of steady factors, which could improve the quality of forecast and provide price stability in the region.

Publisher

Plekhanov Russian University of Economics (PRUE)

Reference6 articles.

1. Deryugin A. N. Regionalnye byudzhety v pervom polugodii 2021 g.: rost dokhodov [Regional Budgets in the First Half-Year 2021: Revenue Growth]. Ekonomicheskoe razvitie Rossii [Economic Development of Russia], 2021, Vol. 28, No. 9, 2021, pp. 73–76. (In Russ.).

2. O chem govoryat trendy. Makroekonomika i rynki, byulleten Departamenta issledovaniy i prognozirovaniya [What Trends are Talking about. Macroeconomics and Markets, Bulletin of the Department of Research and Forecasting]. Moscow, Bank of Russia, 2021, No. 6. (In Russ.).

3. Ramazanov D. I., Onopyuk E. O. Inflyatsionnye protsessy v Rossii v usloviyakh pandemii COVID-19 [Inflationary Processes in Russia in the Context of the COVID-19 Pandemic]. Vestnik Rossiyskogo ekonomicheskogo universiteta imeni G. V. Plekhanova [Vestnik of the Plekhanov Russian University of Economics], 2021, Vol. 18, No. 4 (118), pp. 52–60. (In Russ.).

4. Trunin P. V., Bozhechkova A. V., Goryunov E. L. et al. Vygody i izderzhki inflyatsionnogo targetirovaniya v Rossii [Benefits and Costs Targeting of Inflation in Russia]. Moscow, Izdatelskiy dom «Delo» RANKHiGS, 2019, (Scientific Reports: Economy). (In Russ.).

5. Cherednichenko O. V., Shults O. I. Makroekonomicheskie pokazateli rossiyskoy ekonomiki: «nozhnitsy stavok» i instrumenty rosta [Macroeconomic Indicators of the Russian Economy: "Scissors of Rates" and Growth Tools]. Finansovyy menedzhment [Financial Management], 2021, No. 4, pp. 58–65. (In Russ.).