Russian producer price growth slows to 0.4% in April, below forecast - Rosstat
MOSCOW. May 18. (Interfax) - Russian producer price growth slowed to 0.6% in April, from 2.1% in March and 1.1% in February, the Federal State Statistics Service (Rosstat) said.
Analysts predicted 1.2% growth in a consensus forecast for Interfax.
Wholesale price growth decelerated in April as growth in the price of oil slowed to 2.1%, from 11.8% in March.
Producer prices in April grew 0.5% in the extractive industry (7.8% in March). For extractive sectors other than fossil fuels, prices grew most in the production of raw material for the chemicals and fertilizer industries, by 22%.
Manufacturing sector price growth was 0.9% in April (0.3% in March), including 23.3% for dry gas, 8.2% for liquefied propane and butane, 6.2% for paraffins, 5.8% for gasoline and 5.5% for stable gas condensate.
Producer prices fell 0. 2% in the utilities sector.