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May industrial producer prices up 5.2% yr/yr

Industrial producer prices rose 5.2% yr/yr in May and were up 0.5% from April, the Central Statistics Office (KSH) announced on Thursday. In January-May industrial producer prices rose 4.5% yr/yr. Industrial producer prices for domestic sale increased 8.8% yr/yr in May and remained unchanged from April and were up 9.9% yr/yr in the first five months this year. Industrial producer prices for exports, in forint terms, increased 2.6% yr/yr in May and rose 0.9% from April. In January-May industrial producer prices for export were up 0.5pc yr/yr. The forint weakened 1.6% against the euro and 4.1% against the dollar from April, but strengthened 0.3% against the euro and 1.0% against the dollar compared to May 2004.