Hungary PPI up 3.3% m/m in September
Industrial producer prices in Hungary in September grew 3.3% in a month and were up 4.1% in twelve months, figures published by the Central Statistics Office (KSH) on Thursday show.
The monthly increase accelerated sharply from a 0.7% increase in August, reflecting a bigger rise in export prices due to the sharp weakening forint. The monthly increase was the biggest one since September 2010.
Forint-term export sales prices rose 4.4% a month in September after a 0.9% rise in August, which was the first monthly increase registered since last December. They were up 2.9% yr/yr, after months of yr/yr drops, including a 2.5% decline in August.
The monthly increase of domestic sales prices also picked up, to 1.7% in September from 0.3% in August. September domestic sales prices were up 5.9% yr/yr, after 3.4% yr/yr rises both in August and July.
January-August industrial producer prices were up 3.1% yr/yr as domestic sales prices rose 5.7% and forint-term export prices rose 1.3% in the period.
ADVERTISEMENT
MNB Int'l Reserves Rise EUR 579 mln in November
Gov't to Launch HUF 20 bln Workers Hostel Program
Retail Sales Fall 6.5% y.o.y. in October
Heineken Balaton Sound Announces 1st Phase Lineup
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.
