, the commonly used chain index derived from the published month-to-month price change of the PPI in some cases dramatically … drift for a wide class of index formulae, and in part on the observations of price movements made by the Fund’s missions … increases, but is still important for countries such as Russia, where monthly inflation continues to run well into the double …

Eastern neighbourhood of the EU. The data used is NUTS II regions in the EU and Oblasts' of Russia over the period 1996 …