Problems Of Statistical Accounting In Russian Price Index Determination

Abstract

<jats:p>The distortion of statistical data during determination of the price index of Russia can comprehensively affect the development of the entire economy through fiscal and monetary policy, since this indicator is the basic one. Using digital electronics as an example, the article considers the deviation of the dynamics in the consumer price index from the data of retailers. The paper draws attention to the transfer of value to the prices of imported products (exchange rate pass-through), which, given the current supply structure, justifies price increase in the real sector of the economy. They revealed the reason of the statistical sample deviation for the index calculation, which contributed to the formation of deflation in the state statistics within the digital electronics segment. During calculations, the statistical agency operates preliminary unpopular goods that make the sample unrepresentative, which leads to the indicator distortion. They analyzed the aspects of the possible impact of cheap goods on the market, qualitative changes in digital electronics products, and FSSS approaches to international recommendations. The characteristics of smartphones defined by FSSS and consumers' preferences are compared. They considered inflation dynamics in the digital electronics segment. They considered the structure of consumer spending on non-food products, regarded by FSSS to calculate the consumer price index. To solve the problem, they proposed to conduct more frequent sampling adjustments based on market research, as well as update and expand the specifications used.</jats:p>

Evolution of the essence and prospects for digital economy development

“…The emergence of new types of cyber threats Job losses Increasing digital divide among different population groups and different sectors of the economy Growth of competition and its globalization Ethical issues related to the protection of personal data Increased competition from international companies Halted business processes in case of technical, legal problems, application of international sanctions Despite the presence of weaknesses and threats, the development of the digital economy is inevitable. But form and time frame it will be carried out in depend on the capabilities of the country, economy, industry, person (Konvisarova et al, 2020;Titova & Terentyeva, 2020;Koren et al, 2020;Andreev et al, 2019). An exemplary evolutionary process includes the following steps (Figure 1).…”

Advances in contemporary means to assess exchange-traded financial assets

“…FA proceeds to be vastly applied by dynamically managed ETFs and high rank investors. Meanwhile, a growing number of novice investors are recommended to trade not merely by the laws of analysis, but by the amicability of individual issuers (Bogatyrev, 2020;Terentyeva et al, 2018;Konvisarova et al, 2020).…”

Regulations for functioning budget development to manage trading network

“…The fifth characteristic is regarded as the diversity of business arenas. The diversity of standards to calculate business regions in the trading network, makes it vital to resolve the issue of indirect cost correct distribution associated with various MICs immediately (Dolgikh, 2017;Konvisarova et al, 2020;Rakhmanova & Krukov, 2019). The process for cost allocation in a retail network isn't a simple task because of its complicated infrastructure.…”