Russian Central Bank: Spending out of austerity?
... but also by the prices charged by the natural monopolies, as well as by weak business activity. Prices charged by the infrastructural monopolies are growing 10-15 percent every year, fueling growth in utility tariffs and related prices. Meanwhile, the economy is being sluggish to react to price stimuli. By mid-2012 output had returned to the pre-crisis level, but producer prices were up 32 percent on 2008. The economy now needs much greater coordination between monetary, structural and institutional ...