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WoW CPI Rises 0.22% vs 0.10% Prior, PPI Prints Lower Than Expected at 28.5% y/y

RUSSIA
  • RUSSIAN WEEKLY CONSUMER PRICES RISE 0.22%
  • RUSSIAN YEAR-TO-DATE CONSUMER PRICES RISE 0.88%
  • RUSSIAN DEC. PRODUCER PRICES RISE 0.8% M/M; EST 1.1%
  • RUSSIAN DEC. PRODUCER PRICES RISE 28.5% Y/Y; EST 28.8%
  • WoW CPI coming in marginally higher than last week at 0.10%, suggesting inflation drivers still relatively firm in Russia
  • 3x6 FRA-Mosprime spreads still hovering around +191bp, given expectations for higher passthrough via the FX channel on RUB weakness
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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