Russian Factory-Gate Prices Advanced for 20th Month in June
Russian producer prices, an early indicator of inflation, rose in June for a 20th straight month, led by the mining sector and manufacturers.
Prices of goods leaving factories and mines grew 18.6 percent after a 19.2 percent advance a month earlier, the Federal Statistics Service in Moscow said in an e-mailed statement today. The median forecast of eight economists surveyed by Bloomberg was for an increase of 22.3 percent.
Factory-gate prices fell 2.2 percent in June from the previous month after a 1.2 percent monthly rise in May, the service said.
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