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CPI monitor: Airfares take off

Name: 01/12/2022. Gazprombank: CPI monitor: Airfares take off
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

01/12/2022 | Gazprombank

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Inflation in Russia continued to accelerate over the November 22-28 period, reaching 0.19% compared with the previous week's reading of 0.11%. The third straight week of price growth was again driven by volatile components, namely cucumber prices and airline fares. Stable inflation components remain low. We expect the CBR to keep the key rate unchanged at 7.5% until year end.

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