Hungary August PPI up 0.7% from July, down slightly yr/yr

Figures

Industrial producer prices in Hungary grew 0.7% in August from July and were down a slight 0.1% in twelve months, figures published by the Central Statistics Office (KSH) on Thursday show.

The monthly increase picked up from 0.3% in July despite a slower rise of domestic sales prices as export prices increased on the weaker forint after drops or no change in the previous eight months. The drop of the twelve-month PPI slowed from 1.0% in the previous two months as the forint strengthened from August 2010.

Domestic sales prices were up 0.3% in a month in August after rising 1.2% in July. The twelve-month increase of domestic sales prices was 3.4% yr/yr, unchanged from July.

Forint-term export sales prices rose 0.9% from July, in the first monthly increase registered since last December. They were down 2.5% yr/yr, less than the 4.0% yr/yr drop in July. Export prices still dropped yr/yr now for the fourth month.

January-August industrial producer prices were up 3.0% yr/yr as domestic sales prices rose 5.7% and forint-term export prices rose 1.1% in the period.

ADVERTISEMENT

Business confidence falls slightly in June Analysis

Business confidence falls slightly in June

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.