Industrial producer prices up 9% yr/yr in September.
Hungary's industrial producer prices rose 9% yr/yr in September and were up 0.1% compared to August, the Central Statistics Office (KSH) reported on Monday.
The twelve-month increase compared to a 5.3% rise in May, a 7.9% rise in June, a 9.5% increase in July and a 9.7% rise in August. The monthly increase slowed from 0.3% in August. Producer prices for domestic sales rose 11.4% yr/yr in September and were up 0.8% from August. Producer prices for industrial exports in forint terms rose 7.3% yr/yr in September and were down 0.4% from August. Monthly export prices fell despite a 0.2% weakening of the forint against the euro and a 0.8% weakening against the US dollar. Compared to September 2005, the forint fell 11.7% to the euro and 7.5% to the dollar. Export prices in the vehicle manufacturing sector rose 11.3% yr/yr in September, including a slight rise of 0.1% from August. Machinery export prices increased a higher-than-average 9.9% yr/yr in September, but were unchanged compared to August. Export prices for Hungary's leading export sector, electric and optical equipment, rose a slight 0.1% yr/yr in September. Compared to August, the sector's export prices actually fell 1.1%. Food export prices increased 9.8% yr/yr in September and were up 0.7% from August. September producer prices for domestic sale were driven by a 23.8 yr/yr hike in energy prices, including heat and water supply. Producer prices for manufactured goods rose 7.3%. Prices for chemical products and synthetic fibres were up 13.3% and vehicle prices rose 8.3%. Machinery prices rose just 3.2% and prices for electric and optical equipment increased 7.1%. Domestic sale prices for capital goods rose 4.7% yr/yr in September and were up 0.6% from August. Producer prices for consumer rose 2.0% yr/yr in September, as the result of a 4.5% increase in consumer durable prices and a 1.8% rise in non-durable prices. (Mti-Eco)
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.