The fall of producer prices in Russia accelerated sharply

producer Prices of industrial products in Russia decreased in April 2020 7.2% from the previous month when they decreased 1.4%. Such data today leads the Federal service of state statistics.

In the annual comparison index fell in April by 8%, after dropping 3.2 percent in March.

For the first 4 months of this year industrial prices in the country decreased by 10.4% (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 also that, according to Rosstat, consumer prices in Russia from 13 to 18 may 2020 has not changed from the previous reporting period, as a week earlier, and since the beginning of the year inflation remained at 2.2%.

In April, consumer prices in Russia increased by 0.8% compared to the previous month when they rose 0.6%. While yoy inflation in April accelerated to 3.1% after 2.5% in March.

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 in Russia by the end of this year at 4%. 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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