Bloomberg News

Russian Producer-Price Growth Slowed More Than Forecast in April

May 18, 2012

Russian producer-price growth slowed more than economists forecast in April.

Prices of goods leaving factories and mines grew 6.7 percent from a year earlier after a 7.4 percent advance in March, the Federal Statistics Service in Moscow said today in an e-mailed statement. The median estimate of 10 economists in a Bloomberg survey was for a 7 percent increase.

Factory-gate prices rose 0.6 percent in April from a month earlier after a 2.1 percent gain in March, the service said. Economists forecast an increase of 1.5 percent, according to the median of 11 estimates in a Bloomberg survey.

To contact the reporter on this story: Zoya Shilova in Moscow at zoya@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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