Monitoring of Inflation in the New Geopolitical Reality
The article is devoted to the assessment of the inflation rate based on the aggregated inflation index, which characterizes the dynamics of business processes in the main sectors and spheres of the national economy in the conditions of a new geopolitical reality due to the coronavirus pandemic and s...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | Russian |
| Published: |
Government of the Russian Federation, Financial University
2023-07-01
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| Series: | Мир новой экономики |
| Subjects: | |
| Online Access: | https://wne.fa.ru/jour/article/view/394 |
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| author | T. A. Burtseva A. A. Frenkel B. I. Tikhomirov A. A. Surkov |
| author_facet | T. A. Burtseva A. A. Frenkel B. I. Tikhomirov A. A. Surkov |
| author_sort | T. A. Burtseva |
| collection | DOAJ |
| description | The article is devoted to the assessment of the inflation rate based on the aggregated inflation index, which characterizes the dynamics of business processes in the main sectors and spheres of the national economy in the conditions of a new geopolitical reality due to the coronavirus pandemic and sanctions wars in connection with Russia’s special military operation in the Donbas and Ukraine (SMO). The object of the study is the monitoring of inflation, acting as an up-todate leading socio-economic barometer formed through the integration of private inflation indicators. During periods of macroeconomic instability, private inflation indices ambiguously reflect the real situation about the ongoing production and inflationary processes in the national economy. As a result, the decisions made are based mainly on unilateral expert analysis, which reduces the effectiveness of the decisions made. The article proposes an approach based on the selection and integration of private inflation indicators and the construction of an aggregated index using statistical methods. This makes it possible to more accurately and quickly calculate the impact of prices and tariffs on the development of key economic complexes, which determines the change in income levels and, accordingly, the quality of life of the population. The proposed methodology opens up significant prospects for monitoring inflation in comparison with the consumer price index used in Russian practice. The result of the work were the conclusions of the authors obtained by analyzing the calculations of the dynamic series of aggregated and partial inflation indices. It is determined that it is advisable to use the aggregated inflation index when indexing pensions, justifying the subsistence minimum and other macro indicators characterizing the level of economic growth and social progress. The aggregated inflation index is proposed to be considered as a target macro indicator of strategic development. |
| format | Article |
| id | doaj-art-e4b213d06d064f90a342683ecff45614 |
| institution | Kabale University |
| issn | 2220-6469 2220-7872 |
| language | Russian |
| publishDate | 2023-07-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Мир новой экономики |
| spelling | doaj-art-e4b213d06d064f90a342683ecff456142025-08-20T03:42:56ZrusGovernment of the Russian Federation, Financial UniversityМир новой экономики2220-64692220-78722023-07-01172486110.26794/2220-6469-2023-17-2-48-61384Monitoring of Inflation in the New Geopolitical RealityT. A. Burtseva0A. A. Frenkel1B. I. Tikhomirov2A. A. Surkov3MIREAInstitute of Economics, Russian Academy of SciencesInstitute of Economics, Russian Academy of SciencesInstitute of Economics, Russian Academy of SciencesThe article is devoted to the assessment of the inflation rate based on the aggregated inflation index, which characterizes the dynamics of business processes in the main sectors and spheres of the national economy in the conditions of a new geopolitical reality due to the coronavirus pandemic and sanctions wars in connection with Russia’s special military operation in the Donbas and Ukraine (SMO). The object of the study is the monitoring of inflation, acting as an up-todate leading socio-economic barometer formed through the integration of private inflation indicators. During periods of macroeconomic instability, private inflation indices ambiguously reflect the real situation about the ongoing production and inflationary processes in the national economy. As a result, the decisions made are based mainly on unilateral expert analysis, which reduces the effectiveness of the decisions made. The article proposes an approach based on the selection and integration of private inflation indicators and the construction of an aggregated index using statistical methods. This makes it possible to more accurately and quickly calculate the impact of prices and tariffs on the development of key economic complexes, which determines the change in income levels and, accordingly, the quality of life of the population. The proposed methodology opens up significant prospects for monitoring inflation in comparison with the consumer price index used in Russian practice. The result of the work were the conclusions of the authors obtained by analyzing the calculations of the dynamic series of aggregated and partial inflation indices. It is determined that it is advisable to use the aggregated inflation index when indexing pensions, justifying the subsistence minimum and other macro indicators characterizing the level of economic growth and social progress. The aggregated inflation index is proposed to be considered as a target macro indicator of strategic development.https://wne.fa.ru/jour/article/view/394macroeconomic instabilityprices and tariffsinflationaggregated and private inflation indicesweighting factorsaccounts payablepension indexation |
| spellingShingle | T. A. Burtseva A. A. Frenkel B. I. Tikhomirov A. A. Surkov Monitoring of Inflation in the New Geopolitical Reality Мир новой экономики macroeconomic instability prices and tariffs inflation aggregated and private inflation indices weighting factors accounts payable pension indexation |
| title | Monitoring of Inflation in the New Geopolitical Reality |
| title_full | Monitoring of Inflation in the New Geopolitical Reality |
| title_fullStr | Monitoring of Inflation in the New Geopolitical Reality |
| title_full_unstemmed | Monitoring of Inflation in the New Geopolitical Reality |
| title_short | Monitoring of Inflation in the New Geopolitical Reality |
| title_sort | monitoring of inflation in the new geopolitical reality |
| topic | macroeconomic instability prices and tariffs inflation aggregated and private inflation indices weighting factors accounts payable pension indexation |
| url | https://wne.fa.ru/jour/article/view/394 |
| work_keys_str_mv | AT taburtseva monitoringofinflationinthenewgeopoliticalreality AT aafrenkel monitoringofinflationinthenewgeopoliticalreality AT bitikhomirov monitoringofinflationinthenewgeopoliticalreality AT aasurkov monitoringofinflationinthenewgeopoliticalreality |