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RUSSIA: September CPI Data Coming Up (17:00BST)

RUSSIA
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CPI data for September is on the docket shortly (17:00BST/19:00 local time), with the Bloomberg survey of analysts looking for a fall in the headline figure from +9.05% Y/Y to +8.55%, and for the monthly figure to come in at +0.42%.

  • Goldman Sachs forecast CPI show a decline to +8.6% Y/Y. While the decline is partially driven by base effects, they think inflation will slowly decline as the economy cools. With the economy already slowing and fiscal policy planned to be tightened further, Goldman Sachs think that the Bank of Russia will not hike rates further and see rates on hold into next year.
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CPI data for September is on the docket shortly (17:00BST/19:00 local time), with the Bloomberg survey of analysts looking for a fall in the headline figure from +9.05% Y/Y to +8.55%, and for the monthly figure to come in at +0.42%.

  • Goldman Sachs forecast CPI show a decline to +8.6% Y/Y. While the decline is partially driven by base effects, they think inflation will slowly decline as the economy cools. With the economy already slowing and fiscal policy planned to be tightened further, Goldman Sachs think that the Bank of Russia will not hike rates further and see rates on hold into next year.