PPI Falls 3% y.o.y. in March
Photo by Drozd Irina / Shutterstock.com
Factory gate prices in Hungary dropped 3% year-on-year in March, falling for the eighth month in a row after rising for years, according to data released by the Central Statistical Office (KSH).
Prices for domestic sales fell by 5.2% and export prices declined by 1.9%. In a month-on-month comparison, factory gate prices edged up 0.1% as prices for domestic sales slipped 0.3% while export prices inched up 0.3%.
Domestic prices in the manufacturing sector, which has a 60% weight in the Producer Price Index, edged down by 1.3% year-on-year. Domestic energy prices, which account for 38.6% of the PPI, fell 13.3%. Export prices of the manufacturing sector, which has an 82.9% weight in the PPI, rose by 2.3%, while energy sector export prices, with a 16.7% weight, dropped 28.9%.
In January-March, factory gate prices fell 4.7% year-on-yea r as prices for domestic sales decreased 6.2% and export prices declined 3.9%.
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