In Russia, prices rose manufacturers

producer Prices of industrial goods in Russia increased in June 2020 6.1% from the previous month when they declined by 2.8%. Such data today leads the Federal service of state statistics.

yoy index decreased in June, after falling 14.1% in may.

For the first 6 months of this year industrial prices in the country fell by 5.1% (to December 2019).

last year the indicator decreased by 4.3% (December-to-December-2018), after rising by 11.7% in the previous year.

Recall that, according to Rosstat, consumer prices in Russia from 30 June to 6 July 2020 rose 0.3% to the previous week, and since the beginning of the year, it reached 2.9 per cent.

In June, consumer prices in Russia rose 0.2% the previous month, when they rose 0.3%. While yoy inflation in June accelerated to 3.2% from 3% in may.

Over the past year, consumer prices rose by 3% (December to December 2018). Thus, 3-percent inflation rate in 2019 was the second lowest value of this indicator for all history of modern Russia. The absolute minimum was recorded at the end of 2017 and 2.5% in 2018, prices increased by 4.3%.

the Ministry of economic development, according to the updated macroeconomic forecast expects annual inflation to end this year at 3.5%. For its part, the Bank of Russia assumes that inflation for the year will amount to 3.8-4.8% and will be close to 4% thereafter.

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