Factory gate prices up 3.8% y-o-y in January
pexels
Industrial producer prices as a whole were 3.8% higher in January 2019 than in the same month of the previous year. Domestic output prices rose by 5.9% on average, while export output prices went up by 2.9% compared to January 2018.
Price growth slowed for the sixth month in a row. The rate of the price rises was influenced by wage growth, forint exchange rate changes, and world petroleum market price trends, the KSH noted.
In a month-on-month comparison, industrial producer prices edged down 0.5%, as domestic prices inched up 0.5% and export prices were down 0.9%.
Within domestic output prices, prices of the manufacturing sector, representing a weight of 67%, rose by 3.6%, while prices in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 28%, rose by 11% year-on-year.
Of the producing branches of industry, prices in Hungary increased by 7.2% in energy and intermediate producing, by 3.9% in capital goods producing, and by 2.8% in consumer goods producing branches.
Within industrial export prices, a price increase of 2.2% occurred in manufacturing (representing a weight of 96%), and – owing to a significant price rise in the international electricity market – of 22% in the energy industry (with a weight of 4.1%).
Industrial producer prices for February will be published on March 29.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
