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20.08.202516:49:24UTC+00Russian Producer Prices Decline for 1st Time in 2 Years

In July 2025, producer prices in Russia decreased by 0.3% compared to the same month in the previous year, marking a significant shift from the 0.1% rise observed in the previous month. This marks the first instance of producer deflation since May 2023. This change aligns with a broader reduction in consumer inflation, in line with projections from the Bank of Russia, as a slowing economy prompts lower asking prices for goods. There was a notable decrease in prices for mined goods, which fell by 14.7%. Meanwhile, inflation for manufactured goods remained relatively mild at 2.4%, whereas there was a significant price increase in the electricity, gas, and steam sector, which rose by 14.2%. On a month-to-month basis, producer prices saw an uptick of 0.9%.

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