FX.co ★ Russian Producer Inflation Slows

Producer price inflation in Russia decelerated to 5.9% year-on-year in March 2025, down from a six-month peak of 9.8% recorded in February. This decline concurs with the Bank of Russia's statements indicating that inflationary pressures have remained stable over the period. This reduction was largely due to a shift towards deflation within the mining sector, which saw a decrease of 1.6% compared to a significant increase of 10.7% the previous month. Moreover, inflation experienced a slowdown in the manufacturing sector, easing to 7.4% from 9.2%. Conversely, utility providers saw a rise in inflation, escalating to 14.1% from 13.3%. On a monthly basis, producer prices declined by 1.5%.