FX.co ★ Russian Producer Prices Rebound

Producer prices in Russia experienced an annual increase of 0.4% in August 2025, marking a recovery from the previous month's 0.3% decline and representing the highest inflation rate observed in four months. This shift away from transient deflationary conditions for producers aligns with the Bank of Russia's indications of persistent inflationary pressures within the economy, despite a reduction in base effects. The inflation rate saw an upward trend in sectors such as electricity, gas, and steam provision, albeit slightly reducing to 13.9% from 14.2% in July, while the deflation rate for mined goods decreased from -14.9% to -14.2%. Conversely, manufacturing price growth moderated, decreasing to 1.9% from 2.4%. On a monthly basis, producer prices increased by 1.1%, marking the most significant rise in a year.