Factory gate avg. price rise slows to 2.7% y-o-y in April
Industrial producer prices were 2.7% higher in April 2018 than in the same month of the previous year. Domestic output prices increased by 3.2% on average, while export prices went up by 2.5% compared to April 2017, the Central Statistical Office (KSH) reported.
Producer price rises as a whole slowed from a 3.9% year-on-year increase in February and 3.5% increase in March.
In April 2018 compared to April 2017, industrial domestic output prices rose by 3.2%. Of the end-use groups of the producing branches of industry, domestic prices increased by 4.0% in energy and intermediate producing, by 2.4% in capital goods producing, and by 1.2% in consumer goods producing branches.
Within domestic prices, prices in manufacturing, representing a weight of six-tenths of the total, rose by 3.6%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, rose by 2.9% year-on-year.
Industrial export prices rose by 2.5%, within which prices rose by 2.2% in manufacturing (representing a weight of 96.4%), and by 7.5% in the energy industry (with a weight of 3.4%).
In January–April 2018, compared to the first four months of the previous year, domestic output prices increased by 3.4%, while export prices rose by 3.3%, meaning that industrial producer prices as a whole were 3.4% higher year-on-year.
Industrial producer prices for May 2018 will be published on June 29.
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.