Russia headline inflation might peak in Q2 before moving downwards – TDS

FXStreet (Barcelona) - The TD Securities Team previews the Russian CPI release, and further share the CBR’s outlook on the headline inflation.

Key Quotes

“March CPI inflation is to be released either today or tomorrow. Headline inflation is expected at 16.7% Y/Y, unchanged from February. Core inflation Is expected to move up to 17.2% Y/Y after a prior 16.8%.”

“The CBR is forecasting that headline inflation will peak in Q2 before moving downwards, reaching 9% by March 2016.”