Abstract:

The article is devoted to the analysis of factors of the inflationary process in Russia. It shows the influence of internal factors on the consumer price index, such as price expectations, the amount of money supply, per capita incomes of the population, as well as external factors: exchange rate, foreign trade openness. It is substantiated that in the conditions of heterogeneity of economic space, differentiation of territorial involvement in trade and economic relations in large federal states, there are differences in the price reaction of the regional economies. The depreciation of the ruble, as a macroeconomic factor, in regions with a high and low level of foreign trade dependence has spatial differences in price manifestations. The principles of coordination of actions of the federal center and regions in the implementation of the stabilization policy are formulated, allowing to take into account the external economic differences and the reaction of regions to changes in macroeconomic indicators.