Producer Price Growth Slows

Oct. 17, 2011

Producer prices, an early indicator of inflation, rose less than economists estimated in September.

Prices of goods leaving factories and mines grew 18 percent from a year earlier after an 18.5 percent advance in August, the State Statistics Service in Moscow said in an e-mailed statement Friday. The median forecast of eight economists surveyed by Bloomberg was 18.9 percent.

Factory-gate prices declined 0.7 percent in September from the previous month after a 4.6 percent rise in August, the service said. Economists predicted a decrease of 0.5 percent, according to the median of eight estimates in a separate Bloomberg survey.

(Bloomberg)

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