Hungary PPI 7.8% in January

Figures

Industrial producer prices in Hungary rose 7.8% in January from the same period a year earlier, accelerating slightly from a 7.5% increase in the previous month, data published by the Central Statistics Office (KSH) on Thursday show.

In a month-on-month comparison producer prices edged up 0.3% in January after inching down 0.5% in December.

Twelve-month PPI was lifted by a 30.0% increase in the crude refining segment, an 11.2% rise in the chemicals industry, a 10.7% increase in the pharmaceutical sector and a 11.2% rise in the electrical equipment sector. Prices for machinery production were up 6.9%, prices in the vehicle manufacturing sector rose just 5.9% and prices in the manufacturing sector increased 7.9%.

In a month-on-month comparison, prices fell 5.2% in the vehicle manufacturing sector and were down 0.2% in the energy sector.

Domestic producer prices rose 7.7% year-on-year in January, accelerating slightly from a 7.4% increase in December.

Producer prices for export were up 7.8% year-on-year in January, accelerating from a 7.5% rise in December. The forint weakened 11.6% to the euro and 15.4% to the dollar during the period.

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