In September 2024, Russia experienced a significant decrease in producer price inflation, recording a 2.7% increase compared to last year. This represents a drop from the 5.6% rise noted in August and is the lowest rate since June 2023. A notable decline in mining prices, which fell by 11%, contributed to this decrease.
However, this was partly balanced by rises in other sectors: manufacturing prices increased by 7.1%, utility services saw a 13.3% increase, and water and waste management costs rose by 5.5%. On a monthly basis, the drop in mining costs led to a 0.6% reduction in the Producer Price Index (PPI).
J.J Edwards is a finance expert with 15+ years in forex, hedge funds, trading systems, and market analysis.
