Оцінка взаємозв’язку між детальвацією гривні та індексом споживчих цін в Україні

Abstract

The dynamics of changes in the consumer price index in Ukraine and the dynamics of devaluation of hryvnia against the US dollar are analyzed in the article. On the basis of the Pearson correlation coefficient, the closeness and form of the connection between devaluation and inflation is determined, the calculation is based on the formation of a statistical sample exclusively of the periods of devaluation of the national monetary unit and the existence of inflationary processes. The elasticity of inflcation depending on the devaluation in the long term (Exchange Rate Pass Through was determined) on the basis of the regression model is calculated. The dependence of the Exchange Rate Pass Through in the negative shift of the exchange rate of hryvnia against the US dollar to the consumer price index depending on the economic activity in the country was established.