KSH: August output price inflation rises
Image for illustration purposes only
Industrial producer prices rose 2.4% year-on-year in August after rising 1.3% in July, the Central Statistical Office (KSH) reported yesterday. Prices have now increased for the third successive month.
Prices in the manufacturing sector rose 3.4% from a year earlier, mining and quarrying prices climbed 6.3%. Meanwhile, costs of electricity, gas, steam and air conditioning supply dropped 2.7%.
Industrial producer prices of goods sold in the export market were higher by 3.6% than in August last year and domestic sales prices up by 0.4%, the Budapest-based agency said.
Sequentially, the producer price index advanced 0.7% in August, following the previous month’s 0.2% increase. Domestic sales prices increased by 0.6% month-on-month, and export sales prices gained 0.8%.
MET Group Records 2nd Most Profitable Year in 2023
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
