Following price and exchange rate liberalization, domestic consumer prices in Russia moved closer to market levels. This paper quantifies the magnitude of the associated relative price changes. It also shows that relative price variability has been positively correlated with inflation. It is...

Based on price levels (cost-of-living indices) across Russian cities that are published by the Russian Statistical Agency, regional price levels relative to the national average are computed over 2009–2015. Results obtained are compared with approximate estimates of regional price levels that...