Producer prices in Russia 0.8 percent year-on-year in August of 2020, following a 2.2 percent fall in the previous month. It was the twelfth consecutive monthly decline in producer prices, but the softest since January, as deflation eased for mining & quarrying (-8.9 percent vs -20.7 percent in July). In addition, prices rebounded for manufacturing (1.1 percent vs -0.2 percent) and advanced faster for electricity, gas, steam & air conditioning (4.7 percent vs 1.7 percent). Meantime, inflation was steady for water supply (at 5 percent). On a monthly basis, producer prices went up 1 percent, easing from a 4.3 percent rise in July.
Producer Prices Change in Russia averaged 9.34 percent from 2005 until 2020, reaching an all time high of 33.70 percent in July of 2008 and a record low of -14.10 percent in May of 2020. This page provides - Russia Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on September of 2020. source: Federal State Statistics Service
Producer Prices Change in Russia is expected to be -8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Russia to stand at 2.00 in 12 months time. In the long-term, the Russia Producer Prices Change is projected to trend around 3.00 percent in 2021 and 2.00 percent in 2022, according to our econometric models.