From this material, readers will learn about inflation, its pace and characteristics in the Russian Federation. In addition, the article provides statistical indicators based on data from authorized bodies. For example, figures provided by Rosstat. Analysis of inflation over the years makes it possible to assess the most important economic processes and make certain forecasts for the future.
What is inflation?
But first you need to understand the essence of the concept. Inflation is an increase in the cost of goods and services. As a rule, this phenomenon is caused by an overabundance of cash in circulation. This, in turn, causes a devaluation of the national currency and a decrease in the standard of living of the population. The main influence on these processes is exerted by the actions of state authorities in the social sphere and economy.
So, with the adoption of relevant laws and the signing of decrees by authorized institutions, it is possible to reduce inflation. In addition, effective measures can lead to deflation, which is the process of reducing the price of goods and services. And this, in turn, leads to an increase in the purchasing power of consumers.
Inflation in the Russian Federation
The level of price increases for goods and services in Russia is recorded and published by the Federal State Statistics Service. Abbreviated as Rosstat. By the way, inflation over the years has been recorded and analyzed in the Russian Federation only since 1991. In the Soviet Union, official government bodies did not determine price increases and devaluation of the national currency.
It should be noted that Rosstat data on inflation by years, anyone can get on the organization’s official website by going to the appropriate section of the portal. Rosstat collects and analyzes statistical indicators in all constituent entities of the Russian Federation. The institution uses these data to create comparative tables and graphs that show inflation by year. In addition, it must be emphasized that the current price level is compared with the data of the last month or year.
Inflation in the Russian Federation in different years
The Federal State Statistics Service provided data according to which inflation rates in December 2016 amounted to 0.4%. At the same mark, they were in November and October. In other words, Rosstat confirmed its preliminary forecast for the December inflation rate. It should be noted that the assessment for the year was already announced and fully justified. Inflation in 2016 amounted to 5.4%. This figure is a record low in recent history of the country.
By the way, it will be said that in this case, the inflation rate indicates a decrease in real incomes of the population. This trend has been observed for the third year in a row. Moreover, in 2016, the rate of decline in citizens' incomes increased to 6% compared with 3.2% in 2015. In 2014, this indicator was 0.7%. In addition, one should pay attention to the inflation rate in previous years. So, in 2011 it amounted to 6.1%, in 2012 - 6.6%, in 2013 - 6.5%, and in 2014 - 11.4%. In 2015, inflation was 12.9%.
Price increase in 2017
To analyze inflation in 2017, you can use official information provided by Rosstat experts. They are offered in the form of graphs, tables and diagrams. So, according to official information from this institution, annual inflation rates in the Russian Federation in 2017 amounted to 3.33%. In addition, you can find more detailed information that illustrates the dynamics of price increases in each month of 2017. You can also see inflation over the years and compare the indicators of the increase in the cost of goods and services in a given period of time. On the Rosstat website, all this information is presented in a convenient form.