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Hungary industrial producer prices fall 1% in June

Industrial producer prices in Hungary fell 0.8% in June from May and were down 1% in twelve months, in the first yr/yr drop since April 2010, figures published by the Central Statistics Office (KSH) on Friday show.

The monthly drop followed a 0.1% increase in May and a drop in April.

In a twelve-month comparison, the PPI increase slowed steadily from 8.2% reached last November.

Domestic sales prices in June were down 0.6% from May after month-on-month increases in the previous seven months. June domestic sales prices were still up 1.5% yr/yr.

Forint-term export sales prices were down 0.9% in a month-on-month comparison after no change or month-on-month drops since last December. Export prices were down a steep 2.8% in the twelve months to June, dropping in the second month in a row.

The forint was unchanged to the euro and firmed 0.3% to the US dollar from May to June, and strengthened 5.1% against the euro and firmed 19.5% to the dollar in the year to June.

January-June industrial producer prices were up 4.2% yr/yr as domestic sales prices rose 6.4% and forint-term export prices rose 2.6% in the period.

Industrial producer prices rose 4.5% last year with a 7.3% rise in domestic sales prices and a 1.9% increase in forint-term export prices.