Last week seasonal deflation in fruit and vegetables finished with prices on potatoes, cabbage, onion, cucumber and tomatoes gained, adding more than a half of registered WoW inflation (near 10 vs. 17bp). There was also a one-off hike in heating tariffs that contributed around 5bp.
On a positive note, inflation across meat categories started to ease. Particularly, weekly pork inflation abated to 0.4%, the lowest since early August.
Hence, this generally fits our view about earlier inflationary impact from the food ban; and we expect the monthly report to show headline CPI at 8.0% and some signs of FX pass-through on core measures (as seen in inflation PMI sub-indices).