The specifics of the inflationary processes development in modern Russian economy

Abstract

Introduction. In modern conditions, inflation is a topical problem of Russian economy, which occupies a key place in economic science and economic policy. Identification of the inflationary processes development specifics in modern Russian economy is significant from the point of view of developing effective anti-inflationary regulation measures. Theoretical analysis. The article clarifies the content of inflation as an economic category. The concepts of «repressed inflation» and «hidden inflation» are distinguished. The study revealed that the development of inflationary processes in Russia has its own specifics, due to the peculiarities of the socio-economic development of the country. Еmpirical analysis. The statistical description of the inflation dynamics depending on the phase of the cycle has been carried out. The factorial analysis of the development of inflationary processes in the country has been carried out. The influence of the monetary policy instruments carried out within the framework of the inflation targeting regime on key macroeconomic indicators is analyzed. Results. The countercyclical nature of Russian inflation and the changing role of the prevailing factors of its development are revealed. The inconsistency of the anti-inflationary strategy with the goals of achieving sustainable economic growth is demonstrated.

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