Hungary PPI climbs to 3.8% in January
Industrial producer prices rose 3.8% year-on-year in January, the highest rate in a year, state news wire MTI reports citing data released by the Central Statistical Office (KSH) said today.
Prices for domestic sales were up 3.7% while export prices rose 3.8%.
In a month-on-month comparison, industrial producer prices were up 0.9% as both domestic and export prices edged up 0.9%.
KSH said price increases were driven by higher wages, changes to the forintʼs exchange rate and global commodities prices.
Year-on-year, factory gate prices in the manufacturing sector rose 4.9% in January. Prices in the transport equipment segment were up 5.9%, and prices in the computer, electronic and optical products segment increased by 2.6%. Prices in the food, beverage and tobacco segment were up 8.3%, while prices in the gas, electricity and steam supply segment fell 3.7%.
In a month-on-month comparison, producer prices in the manufacturing sector inched up 0.6%. Prices in the transport equipment segment edged up 0.3%, and prices in the computer, electronic and optical products segment increased 1.1%. Prices in the food, beverage and tobacco segment rose 1.1%. Prices in the gas, electricity and steam supply segment were up 2.6%.
Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
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.
