Consumer price index

Year	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002
Russia	940.0%	320.0%	231.3%	121.8%	111.0%	184.4%	136.5%	120.2%	118.6%	115.1%
Moscow	998.0%	441.0%	337.0%	148.0%	116.0%	139.0%	206.0%	124.0%	123.0%	119.0%

Annual average rate of exchange
(1000 roubles for US$ 1 up to 1997, rouble for US$ 1 since 1998)

Year	1993	1994	1995	1996	1997	1998	1999	2000	2001	2002
Russia	0.9917	2.1908	4.5592	5.1208	5.7848	9.7051	24.6199	28.12192	29.1600	31.3600

During the 1990s, Russia underwent a dramatic transformation to a market economy. This was signified by hyperinflation in the beginning of the decade, three-zero denomination of the national currency since January 1, 1998 and a many-fold devaluation of the rouble in August 1998. Starting from 2000, the economy of Russia began to stabilize and transform itself into a more efficient system.

This change has been measured by a growth in GDP, population income, declining inflation rates and strengthening of the national currency. For the ongoing decade, the objective is to keep inflation at the rate of 10 percent or lower. Annual average growth of the rouble to US$ is forecasted to be within the limits between 3 to 5%.

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