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

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.