Russia’s Producer Prices Grew 4.1% in June, More Than Estimated

Russian producer prices advanced 4.1 percent in June compared with a year earlier, more than economists forecast.

Prices of goods leaving factories and mines fell 0.9 percent compared with the previous month, the Federal Statistics Service in Moscow said today in an e-mailed statement. Economists predicted an annual increase of 3.1 percent and a drop of 2.2 percent on a monthly basis, according to the median estimates in two Bloomberg surveys.

To contact the reporter on this story: Scott Rose in Moscow at rrose10@bloomberg.net

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

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