CPIX Continues To Climb

Surprise! CPIX is continuing to climb despite every bank economist telling us that the inflationary peak had been reached.

Consumer inflation seen accelerating

The consumer price index excluding interest rates on mortgage bonds (CPIX) should accelerate in year-on-year terms to 13,3% in August from 13% in July, RMB financial markets research said on Monday.

RMB forecast a month-on-month increase of 0,5% in August CPIX.

"The upward pressure on the index will probably come from higher processed food prices and residual increases in electricity tariffs and housing costs," RMB said.