Producer prices in Russia soared 16 percent year-on-year in March of 2021, accelerating from a 10.7 percent jump in the previous month. It was the biggest increase in producer prices since November of 2018, as prices advanced faster for manufacturing (14.4 percent vs 12.1 percent in February); mining (28 percent vs 9.9 percent); and water supply (3.8 percent vs 3.4 percent). Meantime, electricity, gas, steam & air conditioning cost slowed (4.7 percent vs 5.2 percent) On a monthly basis, producer prices advanced 3.6 percent, following a 3.5 percent gain in February. source: Federal State Statistics Service
Producer Prices Change in Russia averaged 9.21 percent from 2005 until 2021, 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 May of 2021.
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 3.50 in 12 months time. In the long-term, the Russia Producer Prices Change is projected to trend around 4.50 percent in 2022 and 4.00 percent in 2023, according to our econometric models.