Russia's PPI up 9.6% since start of 2010

08:28, September 17, 2010      

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Russia's Producer Price Index (PPI) in August rose 0.3 percent month-on-month and by 9.6 percent since January, the Federal Statistics Service Rosstat said Thursday.

Crude oil price rose 13 percent, chemical fertilizers grew 5.8 percent, synthetical rubber rose by 4.4 percent, while prices for natural gas dropped by 4 percent and that for coal went down by 2.4 percent.

Prices for bread and other flour products rose by 26.7 percent, for noodles by 9.6 percent, for cattle feed by 7.3 percent, for dairy products by 4.8 percent.

Producer's prices in energy, gas and water sector also rose 12.7 percent for the first eight months of this year.

On an annual basis, producers' prices on manufactured goods rose 9 percent. Consumer inflation amounted to 5.4 percent for the same period as well.

Source:Xinhua

(Editor:黄蓓蓓)

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