This was the slowest rate of increase since January 2021, when prices remained flat. The annual price growth for mining and quarrying remained strong in October, though it eased to 40.2% from 42.5%.
Prices in the electricity, gas, steam, and air conditioning segments rose at a faster rate of 7% annually in October.
Excluding energy, industrial producer prices declined 0.8% versus a 0.2% fall a month ago. On a monthly basis, producer prices dropped 0.1% in October, while prices were expected to increase by 0.3%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
