Hungary始s PPI up 3.3% over 2017
The producer prices index (PPI) was 3.9% higher in December 2017 than in the same month of the previous year. In 2017 as a whole, industrial producer prices were 3.3% higher than in 2016, according to a first release of data for December and the full year of 2017 from the Central Statistical Office (KSH).
In December 2017 compared to December 2016, industrial domestic output prices rose by 3.6% on average, within which prices in manufacturing, representing a weight of two-thirds, rose by 5.2%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of nearly three-tenths, hardly changed (+0.1%) compared to a year earlier.
Of the end-use groups of the producing branches of industry, prices increased by 3.7% in energy and intermediate producing branches, by 2.6% in capital goods producing, and by 3.4% in consumer goods producing branches.
Industrial non-domestic output (export) prices rose by 4.0% compared to December of the previous year, within which they rose by 3.9% in manufacturing (representing a decisive weight of 95.1%), and by 6.5% in the energy industry (with a weight of 4.6%).
In the full year 2017
The PPI as a whole was 3.3% higher in 2017 than in 2016. Domestic output prices rose by 4.7% on average, within which manufacturing prices rose by 6.7% and prices in the energy industry by 0.4% compared to the previous year.
Of the end-use groups of the producing branches of industry, industrial domestic output prices increased by 5.0% in energy and intermediate producing branches in 2017. Prices rose by 2.3% in capital goods producing, and by 4.6% in consumer goods producing branches.
Industrial non-domestic output (export) prices went up by 2.6% in 2017. Within this, manufacturing prices were up 2.5%, and prices in the energy industry, representing a small weight, by 4.0%.
The PPI for January 2018 will be published by the KSH on February 28.
ADVERTISEMENT
Richter Board Proposes HUF 390/Share聽Dividend
Veronika Spanarova Wins Expat CEO of the Year Award 2023
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.
