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Russia's Central Bank reserves increased, while PPI data showed a significant slowdown in July, indicating potential deflationary pressures.

Main discussion

Russia Central Bank reserves increased to $755.6B from $740B.
Russia's PPI for July decreased by 2.5%, a significant slowdown from the previous month.

Different voices

There is conflicting data on Russia's PPI for July, with one report showing a 6.6% decrease and another showing -2.5%.

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