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Factors and Dynamics of Inflationary Processes in Industrial Region

Author: Polina S. Kiseleva and Vladimir V. Ilyashenko

Abstract:

The article analyzes dynamics of consumer price indices in Sverdlovsk oblast in 2008–2014 and detects their deviation from the pan-Russian indicators. The data confirming the predominance of cost factors in the formation of inflationary processes in the Sverdlovsk oblast are given. The article carries out correlation analysis to determine the interrelation between inflation indicators and consumer price indices. Based on the analysis the qualitative assessment of importance of selected indicators influencing regional consumer price indices was given. The paper confirms the principal role of cost inflation and proves the prevalence of non-monetary components in growing prices in the economy of Sverdlovsk oblast. Finally, the article reveals the factors behind inflationary processes in the region and suggests measures on regulation of the prices’ growth rate.

Keywords: inflation; price level; inflation rate; Sverdlovsk oblast; regional inflation; factor analysis; correlation coefficient; cost factors.