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CPI monitor: Heading for the summer

Name: 01/06/2023. Gazprombank: CPI monitor: Heading for the summer
Creator: Cbonds
License: https://creativecommons.org/licenses/by/4.0/

01/06/2023 | Gazprombank

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Consumer inflation in Russia amounted to 0.08% WoW over the May 23-29 period, up from 0.04% the previous week. The slight acceleration was mainly driven by the onset of growth in prices for electronic goods and leisure. Demand resumed its rapid slowdown following the end of the holiday period, which is a good sign ahead of the CBR’s June meeting, as the sustainability of this trend will affect further monetary policy decisions.

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