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May Inflation Figures Above Estimates Ahead Of Friday CBR Meeting

RUSSIA
  • Russia May consumer prices rise 6.02% y/y; est. +5.8% (bbg)
  • Russia May consumer prices rise 0.74% m/m; est. +0.6% (bbg)
  • Russia May core CPI rises 6.04% y/y; est. +5.7% (bbg)
  • Russia May core CPI rises 0.82% m/m; est. +0.5% (bbg)
  • Surprise to upside reinforces the slight hawkish bias into the central bank decision this Friday with some analysts calling for an above consensus hike of 50 basis points.

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