ADVERTISEMENT

Factory gate prices up 8.1% year-on-year in August

Figures

Industrial producer prices rose 8.1% in August from the same month a year earlier, pushed up by increasing wages, higher oil prices and the weakening of the forint, the Central Statistical Office (KSH) said on Friday, Hungarian news agency MTI reported.

Prices for domestic sales were up 8.3%, while export prices rose 8.0% year-on-year in August. 

In a month-on-month comparison, industrial producer prices were down 0.1%, as domestic prices rose 0.7% and export prices fell 0.5%.

Year-on-year, factory gate prices in the manufacturing sector rose 7.6% in August. Producer prices were up 7.6% in vehicle manufacturing, up 4.0% in the computer, electronic and optical products segment, up 11.6% in the chemicals segment, and up 2.8% in the pharmaceuticals segment. Prices in the food, beverages and tobacco segment were up 2.8%. Prices in the gas, electricity and steam supply segment rose 10.9%.

In a month-on-month comparison, producer prices in the manufacturing sector dropped 0.5%. Prices in vehicle manufacturing dropped 1.8%, and were down 0.6% in the computer, electronic and optical products segment, but were up 0.3% both in the chemicals segment and in the pharmaceuticals sector. Producer prices in the food, beverages and tobacco segment rose 0.2%. Prices in the gas, electricity and steam supply segment were up 2.2%.

In January-August 2018, industrial producer prices rose 5.3% year-on-year as domestic prices climbed 5.4% and export prices were up 5.3%.

The KSH will publish September industrial producer price data on October 31.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.