Russia's annual producer inflation eased to 14.4 percent in September 2018 from 15.3 percent in the previous month, as prices rose at a softer pace for mining (27.6 percent vs 33.1 percent in August) and electricity, gas, steam & air conditioning (2 percent vs 3.7 percent). Meanwhile, producer inflation was steady at 2.8 percent for water supply, sewerage, waste management & remediation activities; and cost picked up for manufacturing (12.6 percent vs 12.1 percent). On a monthly basis, producer prices increased 1.3 percent in September. Producer Prices Change in Russia averaged 10.39 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 8.50 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.