Russia December Producer-Price Growth Slows More Than Forecast

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

Prices of goods leaving factories and mines grew 12 percent from a year earlier after a 15.7 percent advance in November, the Federal Statistics Service in Moscow said today in an e- mailed statement. The median estimate of nine economists in a Bloomberg survey was for a 15.4 percent increase.

Factory-gate prices rose 0.2 percent in December from a month earlier after a 1.6 percent gain in November, the service said. Economists forecast an increase of 0.8 percent, according to the median of seven estimates in a Bloomberg survey. Manufacturing prices fell 0.8 percent last month from November.

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