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Key event: weekly CPI

The only important macro data this week is the weekly CPI release on Wednesday. Next Saturday, the long-awaited APEC summit will be opened in Vladivostok, kicking off a week-long series of meetings of APEC leaders scheduled for 2-9 September.

We expect the last week of summer to be fairly light in terms of economic data releases. On Wednesday, Rosstat is due to publish weekly inflation for the week ending 27 August, which, likely driven by food prices, might see YoY CPI total 6.0%, the upper boundary of the CBR's year-end forecast. The most significant APEC event, in our view, is planned for 8-9 September, the APEC Economic Leaders' Meeting. 

Maxim Oreshkin, Daria Isakova
VTB Capital analyst

CPI, APEC, inflation, CBR

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