Macro week ahead
In Russia, the weekly CPI could bring a softer increase in eggs and dairy products, which have been the key inflation drivers over recent weeks, while potato and other vegetables are likely to pick up further owing to heavy floods and related harvest disruption. For the full month, we expect the headline CPI to print 6.0-6.1% YoY. That would be neutral from the monetary policy perspective, we believe.
Vladimir Kolychev, Daria Isakova
VTB Capital analyst
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