MoM Change in Preliminary Consumer Price Index (CPI) in Russia

The preliminary value of the Consumer Price Index (CPI) month-over-month indicates how much the prices of goods and services purchased by Russian consumers have changed compared to the previous month. This data is released monthly by the Russian Federal State Statistics Service (Rosstat) and provides initial preliminary figures.

Month-over-month data is useful for understanding how consumer prices are fluctuating in the short term. If the CPI increases, it suggests rising inflationary pressures, potentially reducing consumer purchasing power. Conversely, a decrease in the CPI indicates a risk of deflation, which could improve consumer purchasing power.

This information is vital for policymakers to assess inflation trends and devise appropriate monetary policies. It also serves as a crucial source of information for businesses and investors to understand price trends and forecast economic conditions.