Report
Igor Rapokhin

Russian FX/Rates - CBR Preview Chartpack

> After a short-lived reprieve in July, inflation deviated from its downward trajectory in August, spiking to nearly 8% in SAAR* terms. > Especially concerning is the fact that non-food prices continue to grow at a 10%+ SAAR. > The prevailing risks are predominately pro-inflationary. Public inflation expectations are elevated and could yet be pushed higher in light of the one-off social payments and the rising global prices for wheat, sugar and beef. There are also other pro-inflationary factors in play, including bottlenecks in the domestic labor market.* SAAR stands for seasonally adjusted annualized rate
Provider
Sberbank
Sberbank

​Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

Analysts
Igor Rapokhin

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