Why the Russian “core inflation” is lower than the annual rate of change in the Russian CPI that includes food prices, despite the Russian government economists following the U.S example of publishing a measure of “core inflation” in which food and energy prices are stripped from the
Concept introduction:
Consumer Price Index: Measures the change in the prices of the goods and services consumed by the households in the economy.
Core Inflation Index: Core inflation index measures the changes in the prices of the goods and services by excluding extreme volatile variables such as energy and food prices.
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