Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Producer Price Growth Slows

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)