Russia's annual producer inflation stood at 16.8 percent in November 2018, little-changed from a near seven-year high of 16.9 percent in the previous month. Upward pressure came from: mining & quarrying (36.5 percent vs 36.8 percent in October), in particular cost of crude oil and natural gas production (51.8 percent, the same as in October); manufacturing (12.9 percent vs 13.1 percent), namely coke & petroleum products (37.7 percent vs 39.8 percent) and chemicals & chemical products (16.6 percent vs 16.9 percent); electricity, gas, steam & air conditioning (3.3 percent vs 3.1 percent); and water supply, sewerage, waste management & remediation activities (3 percent vs 2.8 percent). On a monthly basis, producer prices went up 0.7 percent in November after a 3.3 percent jump in October. Producer Prices Change in Russia averaged 10.47 percent from 2005 until 2018, reaching an all time high of 33.70 percent in July of 2008 and a record low of -12.30 percent in July of 2009.
Producer Prices Change in Russia is expected to be 15.50 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 4.50 in 12 months time. In the long-term, the Russia Producer Prices Change is projected to trend around 3.20 percent in 2020, according to our econometric models.