Russia Consumer Price Index (MoM) declined to 0.3% in December from previous 0.42%

💡 DMK Insight

Russia’s CPI drop to 0.3% in December signals potential shifts in monetary policy. For traders, this decline could indicate easing inflation pressures, which might lead the Central Bank of Russia to reconsider interest rate strategies. If inflation continues to fall, expect potential rate cuts, impacting the ruble’s strength against major currencies. Watch for how this CPI data influences forex pairs like USD/RUB, especially if it breaches key support levels. Additionally, a sustained decline could ripple through commodity markets, particularly oil, given Russia’s significant role as a producer. Keep an eye on the next monetary policy meeting for hints on future actions, as any dovish signals could trigger volatility in both the ruble and related assets.