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Domestic industrial producer prices rise on energy price hike

Industrial producer prices in domestic sales rose 1.1% month-on-month and 10% year-on-year in February, the Central Statistics Office (KSH) said. The rise compared with January was mostly due to the 3.6% increase in the regulated electricity market. February 1?s retail and wholesale price hike, which averaged 8.8%, also affected the industrial index. In addition, the price of natural gas for corporate consumers was raised by 4%, while district heating and hot water providers increased prices by 1.1% and water utility companies by 0.8%. Industrial export prices were 0.9% higher than in January and rose 2% from February 2004 as the forint gained against major currencies. The combined producer price index did not change from January and rose 3.1% year-on-year.