Industrial producer prices up on increasing oil price
Monday, July 18, 2005, 00:00
Domestic sales prices in June grew 0.1% on the previous month and 9% compared to June 2004. Export sales prices were down 0.1% compared to May and up 2% compared to 12 months earlier.
The domestic sales prices of manufacture were practically unchanged from the previous month (0.1%). The highest price index was measured in the manufacture of coke, refined petroleum products and nuclear fuel (3.3%), which was affected by further oil price rises on the world market.
In annual comparison, chemical industry prices increased significantly (19.2%), partly due to a 24.4% rise in the price of refined petroleum products. Prices in the energy sector were 15.1% higher than a year earlier.
In the first half of 2005 compared to the same period of 2004, the largest price increases were in the manufacture of refined petroleum products (25.3%) and that of metallurgy products (17.3%). The only branch where prices were lower in the first half than a year earlier was wood processing and manufacture (0.2%). Prices in all other branches increased by 0.2%-11.9%. Prices in the energy sector grew 13.4%.
Price changes in the energy producer branches (up 0.7% month-on-month and 13% on the previous year) continued to determine domestic sales prices.
Industrial export sales prices calculated in forints were practically unchanged compared to the previous month (down 0.1%), and grew 2% in annual comparison. The highest export price rises compared to a year earlier were observed in the manufacture of refined petroleum products (31.8%) and chemical products (13.4%). In other branches, price changes ranged from a 2.9% decrease to a 5.5% increase.
In the first half of 2005 compared to the same period of 2004, the highest export price rises were also in refined petroleum products (29.6%) and chemical products (14.6%). In other branches, price changes ranged from a 4.8% decrease to a 6.9% increase.