Producer prices in Russia tumbled 14.1 percent year-on-year in May of 2020, following a 10.4 percent fall in the previous month. It was the sharpest drop in producer prices since the series began in January of 2005, amid falling prices for mining & quarrying (-46.7 percent) and manufacturing (-3.8 percent). On the other hand, cost advanced for electricity, gas, steam & air conditioning (0.3 percent) and water supply (6.6 percent). On a monthly basis, producer prices slid 2.8 percent, after a 7.2 percent slump in April.
Producer Prices Change in Russia averaged 9.55 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 July 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.