0.6%
This decrease in the rate of inflation was caused by seasonal factors (primarily in the food sector, where prices for fruit and vegetables fell after the new harvest entered the market) and a general improvement of the situation in product markets.
Inflation still exceeds last year’s values: the trailing twelve months inflation rate has risen from 7.8% to 7.6% in May.
These calculations can be seen in the most recent newsletter published by the HSE Centre of Development Institute, Comments on the State and Business.
See also:
Inflation Eating up Russians' Wages
A drop in the public’s wages in September was accompanied by a growth in demand for durable goods. People tried to use this method to protect their savings from inflation. In addition, hopes for economic growth are becoming more and more illusory, as the main macroeconomic indicators are currently on the decline, experts from HSE's Centre of Development Institute said in the latest edition of New Comments on the State and Business.
Russian Statistics Unhelpful in Predicting Future
Russian statistics are scarce, inaccurate, ormissing – and therefore misleading, rather than helpful. Their limited temporal depth makes any reliable long-term projections of the country's socio-economic development impossible, according to the report 'Russian Statistics: What Do They Preserve for History?' by Vladimir Bessonov, Head of the HSE’s Laboratory for Research in Inflation and Growth.
The New Harvest Slows Down Inflation
A drop in food prices, particularly fruit and vegetable prices, usually observed in summer, and an improved situation in the commodity markets have helped slow down the rate of inflation, according to expert analysis in Comments on State and Business published by the HSE's Centre for Development.
The HSE Develops Tool for E-commerce Price Tracking
The Higher School of Economics has developed an internet inflation index to measure fluctuations in online retail prices.
‘I Teach a Very Interesting Subject’
Sergey Pekarsky, Professor at the Faculty of Economics Subdepartment of Macroeconomic Analysis, first came to the HSE to get a second higher education, since he did not know where to apply his knowledge of applied mathematics. Fifteen years later, he is about to head the HSE’s Department of Theoretical Economics, and students have voted him one of the best teachers at the HSE.