Russian Federation - Producer Price Index (PPI)

Russian Federation: Producer Price Index (PPI)

Mnemonic PPI.IRUS
Unit Index prv. mo.=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.4 %
Data Dec 2022 99.2
Nov 2022 99.6

Series Information

Source Federal State Statistics Service (Rosstat)
Release Producer Price Index [Detail]
Frequency Monthly
Start Date 1/31/2002
End Date 12/31/2022

Russian Federation: Price

Reference Last Previous Units Frequency
Producer Price Index (PPI) Dec 2022 99.2 99.6 Index prv. mo.=100, NSA Monthly
Consumer Price Index (CPI) Nov 2021 205.5 203.5 Index 2010=100, NSA Monthly

Release Information

Measure of change in the prices of a fixed set of representative products of constant quantity and quality for all producer units. Data are disseminated on the producer price index (PPI), a Laspeyres index (2000=100), covering the total geographic area of the Russian Federation. 

The PPI is calculated by types of economic activities in accordance with the OKVED 2 - All-Russian Classification of Types of Economic Activities, which is harmonized with NACE, Rev. 2 for sections: B "Mining and Quarrying", C "Manufacturing", D "Electricity, Gas, Steam and Air Conditioning Supply", E "Water Supply; Severage, Waste Management and Remediation Activities " and is broken down by the largest classes, subclasses, groups and subgroups. 

The source of the data is a monthly establishment survey. The index is calculated based on approximately 25,000 price quotations collected by more than 7,000 organizations on more than 800 representative products on the 20th day of the reference month. Prices of products intended for sale in the domestic market (not including value-added taxes (VAT), excise taxes, and other taxes that are not included in production costs, free departure station) are recorded.

Weights are derived from industry survey data on production output in value terms at current prices for the base year for the full range of organizations. Weights for calculating the PPI are revised annually when the PPI for January of the reference year is calculated. The base year is the year preceding the previous year. The frequency with which the index is re-based has not been determined.

The data are not seasonally adjusted.

Classification: The present PPI is based on the OKVED 2 (All-Russian Classification of Economic Activities, which is harmonized with NACE, Rev. 2) and covers all of the mining, manufacturing and energy industries and no other sections of OKVED 2. The Rosstat also produces other producer price indices, including, agricultural products, forestry, fishing, construction, cargo transportation and communications.

  • Classification of Organizations by OKPO (All-Russian Classification of Enterprises and Organizations)
  • Classification of activities by OKVED 2 (All-Russian Classification of Economic Activities)
  • Classification of products by OKP (All-Russian Classification of Products)

Scope of the data

  • By economic activities: Activity groups of producer units (mining, manufacturing, production and distribution of electricity, gas, and air conditioning, production and distribution of water and waste management activities and services).
  • Product coverage: Actual prices of a set of representative products selected for observation (more than 800 items), which are intended for sale in the domestic market, are recorded (not including VAT, excise taxes, and other taxes that are not included in production costs, free departure station).
  • Geographic coverage: The recording of producer prices is performed in all of the constituent territories of the Russian Federation.

Source data collection programs

  • Sources of weights: Weights are derived from industry survey data on production output in value terms at current prices for the base year for the full range of organizations. 
  • Period of current index weights: Information for the year before last is used as the base year for weights.  The base year is 2000.
  • Frequency of weight updates: Weights for calculating the PPI are revised annually when the PPI for January of the reference year is calculated. 
  • Establishment selection: Organizations are currently selected on the basis of a targeted sample using judgmental sampling. Starting in 2005 a combined method will be used: a stratified sample or a full-scope survey of organizations engaged in certain economic activities.
  • Product/transaction selection: Representative products are selected on the basis of a targeted sample. A list of representative products and product groups that are necessary for calculation of the PPI at the federal level and that are the most significant in terms of describing Russia’s industries is compiled on a centralized basis; regional statistical authorities add to the centralized product list those products that are most typical of the industry in a given region and that reflect specific aspects of its industrial production.
  • Product/transaction specification: The registration of producer prices is performed for specific product brands, grades, and articles that represent a product group selected for the survey.
  • Sample sizes: Producer prices are recorded at 7,000 organizations. Approximately 25,000 product prices are tracked each month. 
  • Price collection methods: Prices are recorded using paper forms, which are completed by specialists at the organizations being surveyed.

Source data statistical techniques

  • Computation of lowest level indices: Individual price indices are computed by obtaining the ratio of prices in the reference period to prices in the previous period.
  • Aggregation formula: A modified Laspeyres formula is used to aggregate product indices in order to obtain indices of classes, subclasses, groups, subgroups and rinds of economic activities.
  • Aggregation structure: Product indices are aggregated by product group, industry (until 2005), and economic activity.
  • Alignment of value weights and base period: Adjustments are made to the weights to assure that the base periods of the weights and prices are comparable.  
  • Linking of reweighted index to historical index: To ensure the comparability of information in two successive years, price indices for the previous year are recomputed based on updated weights used in the reference year. These data are used only to compute price indices relative to periods in the previous year.
  • Reference period: December of the previous year is used as the period when the price index = 100.

Other statistical procedures

  • Treatment of missing prices: “Estimated” prices are imputed when prices are temporarily unavailable.
  • Selection of replacement items: In cases in which an existing modification has been permanently taken out of production, it is replaced if possible, or it is eliminated from the calculations in accordance with the current methodology for computing producer price indices.
  • Adjustments for quality differences: An adjustment for quality differences when replacement items are selected must be performed following the current methodology for the computation of producer price indices through a price adjustment.
  • Introducing new products: New products are introduced into the computation when the transition is made to a new base for the computation of price indices and weights are revised.
  • Seasonal items: In cases in which products are unavailable seasonally, methods for imputing prices are used.
  • Seasonally-adjusted indices: Producer price indices are not computed with a seasonal adjustment.
  • Other aspects: Other aspects of data sources and producer price index compilation practices are described in Methodological Principles in Industrial Producer Price Surveys and the Compilation of Producer Price Indices.

The data are provisional when first released and are revised one year after the reference period.

Until December 2016 the data were based on the OKVED (harmonized with NACE REV. 1). Starting 2017, the data is presented in accordance with the OKVED 2 which is harmonized with NACE REV. 2.