Russian producer prices fall 0.5% in July - Rosstat
MOSCOW. Aug 17 (Interfax) - Russian producer prices fell 0.5% in July, the Russian State Statistics Service (Rosstat) said.
Analysts told Interfax in a consensus forecast at the start of August that they thought producer prices had risen 0.3% for the month of July.
Producer prices rose 0.9% in January-July.
Producer prices fell 0.3% in June, 0.5% in May, 1.5% in April, 0.3% in March and rising 0.8% in February and 3.3% in January.
Prices in the extractive industry fell 2.1% in July. Prices in iron ore mining and beneficiation fell by 13.9% and for crude oil extraction by 3.5%. Prices for the extraction of mineral raw materials for the chemical industry and production of fertilizers rose 2.7% and for base metal ores they grew 2.1%.
Producer prices in manufacturing were down 0.4% in July. In metallurgy, prices for cast house products fell 6.9%, pig iron, crude steel and ferroalloys - 3.3% and steel pipes, hollow shapes and fittings - 2.3%. Lead, zinc and tin prices rose 10.5%.
In textiles, prices fell 3.9% for non-fabric textile materials and goods except clothing, and 0.9% for textile fabrics.
Prices went up for certain types of petroleum products: stable gas condensate - 13.2%, hydrocarbon gases except natural gas - 7.8%, marine fuel and liquefied propane and butane - 5.7% and diesel - 1.9%.
In chemicals and chemicals products, prices fell 2.9% for paints, varnishes and similar coating materials, and printing dyes, 2.3% for other organic chemical substances and 1.3% for synthetic rubber in primary forms.
