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
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