Producer Price Index (YoY)

The Producer Price Index released by the Federal State Statistics Service on a monthly basis, measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market. Changes in the PPI are widely followed as an indicator of commodity inflation. The year-over-year (YoY) reading compares the prices in the reference month to the same month a year earlier. Generally speaking, a high reading is considered positive (or bullish) for the Russian Ruble (RUB), whereas a low reading is seen as negative (or bearish) for RUB.