Hungary producer price inflation doubles in July
Hungary’s producer price inflation more than doubled in July from the previous month, data released by the Central Statistical Office (KSH) in Budapest showed on Friday.
Industrial producer prices rose 1.3% year-on-year, following a 0.6% increase in June. Prices rose for the second month in a row. Month-on-month, prices edged up 0.2% in July, after rising 0.3% in the previous month. In the domestic market, producer prices declined annually for the fourth consecutive month, down 0.2% each in June and July.
On a monthly basis, prices rose 0.4%. Separately, the statistical office announced that the volume of business investments grew 4.6% annually during the second quarter. Construction investments rose 5.8%, while spending on machinery and equipment increased 2.4%.
– Written by Gábor Pákozdi
ADVERTISEMENT
ÁKK Sells HUF 60.5 bln of Bonds at Auction, Double Plan
Varga Meets With Chinese Business Leaders
AutoWallis May Increase Planned Sales Due to Strong Performa...
International Writers Amongst Visitors at PesText Festival
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.
