Russia CPI Index in 2015
Russia CPI Index opened 2015 at 95.28 and closed at 103.59, a +8.72% move for the year. The high of 103.59 was reached on December 1, and the low of 95.28 on January 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 95.28 | 95.28 | 95.28 | 95.28 | +0.00% |
| Feb | 97.40 | 97.40 | 97.40 | 97.40 | +0.00% |
| Mar | 98.57 | 98.57 | 98.57 | 98.57 | +0.00% |
| Apr | 99.03 | 99.03 | 99.03 | 99.03 | +0.00% |
| May | 99.37 | 99.37 | 99.37 | 99.37 | +0.00% |
| Jun | 99.56 | 99.56 | 99.56 | 99.56 | +0.00% |
| Jul | 100.36 | 100.36 | 100.36 | 100.36 | +0.00% |
| Aug | 100.71 | 100.71 | 100.71 | 100.71 | +0.00% |
| Sep | 101.29 | 101.29 | 101.29 | 101.29 | +0.00% |
| Oct | 102.03 | 102.03 | 102.03 | 102.03 | +0.00% |
| Nov | 102.80 | 102.80 | 102.80 | 102.80 | +0.00% |
| Dec | 103.59 | 103.59 | 103.59 | 103.59 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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