Hungary industrial producer prices fall 1% in June
Industrial producer prices in Hungary fell 0.8% in June from May and were down 1% in twelve months, in the first yr/yr drop since April 2010, figures published by the Central Statistics Office (KSH) on Friday show.
The monthly drop followed a 0.1% increase in May and a drop in April.
In a twelve-month comparison, the PPI increase slowed steadily from 8.2% reached last November.
Domestic sales prices in June were down 0.6% from May after month-on-month increases in the previous seven months. June domestic sales prices were still up 1.5% yr/yr.
Forint-term export sales prices were down 0.9% in a month-on-month comparison after no change or month-on-month drops since last December. Export prices were down a steep 2.8% in the twelve months to June, dropping in the second month in a row.
The forint was unchanged to the euro and firmed 0.3% to the US dollar from May to June, and strengthened 5.1% against the euro and firmed 19.5% to the dollar in the year to June.
January-June industrial producer prices were up 4.2% yr/yr as domestic sales prices rose 6.4% and forint-term export prices rose 2.6% in the period.
Industrial producer prices rose 4.5% last year with a 7.3% rise in domestic sales prices and a 1.9% increase in forint-term export prices.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.