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Hungary farm gate price rise slows to 25% in July

Farm gate prices in Hungary rose 24.9% yr/yr in July, slowing from a 35.3% increase in June, the Central Statistics Office (KSH) said on Monday.

July crops prices were 32.3% higher than twelve months earlier, and livestock and animal products prices were up 11.4%, both rising less than the respective increases registered in June.

The slower rise of crop prices was helped by a 30.9% yr/yr drop in potato prices and a 25.5% decline in vegetable prices, both coming after sharp yr/yr increases in July 2010.

January-July farm gate prices were up 35.4% yr/yr, as crop prices rose 47.6% and livestock and animal products prices rose 14.7% in the period.

Farm gate prices fell year-on-year until June 2010 before starting to rise at a double-digit pace in July 2010.