OREANDA-NEWS. November 18, 2009. According to Rosstat, producers' prices declined 0.9% MoM in October, which brought YTD figure to 13.9%, reported the press-centre of OTKRITIE Financial Corporation.

View: The decline in PPI primarily reflects the 5.1% price decline in the extraction of fuel mineral resources as well as a 3.6% slide in petrochemicals.

We would note that this decrease in PPI is seasonal and thus we would not treat it as a negative development. Instead, we believe that these results should slightly reduce pressure on consumer prices.