Hungary PPI slows to 6.9% in June

Telco

Industrial producer prices in Hungary rose 6.9% in June from the same period a year earlier, slowing from a 7.8% increase in the previous month, data published by the Central Statistics Office (KSH) on Tuesday show.

In a month-on-month comparison, producer prices fell 1.6% in June after rising 0.8% in April.

Domestic producer prices rose 6.9% year-on-year in June, slowing from a 7.4% rise in May. They fell 1.1% month-on-month, after rising 0.6% in May.

Export prices, calculated in forint terms, rose 7.0% year-on-year, after increasing 8.1% in May. The were down 1.9% month-on-month after climbing 0.9% in May.

The forint weakened 10.1% to the euro and softened 26.5% to the dollar in the twelve months to June. The Hungarian currency softened 0.1% to the euro and slipped 2.2% to the dollar from May.

Twelve-month PPI in the pharmaceutical segment of the manufacturing sector jumped 13.6%. Producer prices rose 2.9% in the computer, electronic and optical products segment, increased 4.3% in the transport equipment segment and were up 8.1% in the electricity, gas, steam and air conditioning segment.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.