June industrial producer prices rise 7.9% yr/yr

Analysis

Hungary’s industrial producer prices were up 7.9% year-on-year in June and rose 2.4% from May, the Central Statistic Office (KSH) reported on Monday.

Producer prices rose just 0.1% in May from April. Domestic producer prices increased 7.7% year-on-year in June and were up 0.8% from May. Producer prices for industrial export in forint terms increased 8% year-on-year in June and rose 3.5% from May.
The forint's weakening was a main factor in the sharp monthly increase in forint-term export prices, KSH said. The forint weakened 3.6% to the euro and 4.6% to the dollar in June from May. Compared to June 2005, the forint weakened 9.2% to the euro and 5% to the dollar.

ADVERTISEMENT

40% of CEE businesses fear bankruptcies without bailouts Analysis

40% of CEE businesses fear bankruptcies without bailouts

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.