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Feb PPI Data Unlikely to Reflect Ukraine Impact, Markets Eye March 18 Weekly CPI


Data: all times 1600GMT:

  • Feb Industrial production exp at 7.0% vs 8.6% prior
  • Feb PPI m/m exp at 2.5% vs 0.1% prior
  • Feb PPI y/y exp at 24.3% vs 23.1% prior
  • March 18 CPI wow, 2.09% prior
  • March 18 CPI Weekly YTD, 5.62% YTD
Russian industrial production, PPI & Weekly CPI are also due this week. While the first two will not truly reflect the impact of Western sanctions, the weekly CPI figures will be closely monitored as the effects become more pronounced. March has seen two consecutive prints of over 2%, highlighting the major proinflationary risks resulting from sanctions and key goods shortages from embargoes.
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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