Industrial producer prices up 3.4%
Photo by Oscar Sweep / Shutterstock.com
Industrial producer prices as a whole were 3.4% higher in July 2020 than in the same period of the previous year, according to data released by the Central Statistical Office (KSH).
Photo by Oscar Sweep/Shutterstock.com
KSH says that the development of prices was influenced by the changes in economic trends inflicted by the coronavirus pandemic.
Domestic output prices went down by 0.2% on average, within which prices were 1.8% higher in manufacturing, representing a weight of 63%, and 4.7% lower in the energy industry, with a weight of 32%.
Prices in Hungary were cut by 3% in energy and intermediate producer branches and rose by 5.6% in capital goods producer and by 5.1% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 5.3% higher, within which the prices of manufacturing, representing a weight of nearly 95%, increased by 6%, while the prices of the energy industry, with a weight of 4.9%, were lowered by 9.5%.
In the first seven months of the year, domestic output prices went up by 0.5% and non-domestic output prices by 4.9%, so industrial producer prices as a whole were 3.4% higher.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
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.
