17 Mar 2010 13:23

Producer prices rise 2.3% in Feb - Rosstat

MOSCOW. March 17 (Interfax) - Industrial producer prices rose 2.3% in February after slipping 1.0% in January, the Federal State Statistics Service (Rosstat) said.

Producer prices rose 0.5% in December and dropped 0.5% in November.

Analysts surveyed by Interfax in late February had predicted a 1.4% rise in wholesale prices for that month.

Producer prices were up 1.2% for the period January-February, and 22.9% year-on-year just in February.

Prices in the extractive industries increased 1.3% generally from January, and 6.8% in the liquefaction and regasification of natural gas for transport specifically.

In manufacturing, prices were up 1.5% in February generally. In the chemicals industry, synthetic rubber prices rose 22.1%, fertilizer and nitrogen compound prices 11.6%. In the metallurgical industry, pig iron and blast-furnace ferroalloy prices rose 16.5%, other ferrous metal prices 7.3%, and copper prices 5.5%.

Utilities prices rose 10.0% generally in February, due to the 14.3% higher cost of producing, transmitting and distributing electricity.