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Hungary industrial producer prices rise 7.5% in Dec

Industrial producer prices in Hungary rose 7.5% in December from the same period a year earlier, slowing from an 8.0% increase in the previous month, data published by the Central Statistics Office (KSH) on Tuesday show.

In a month-on-month comparison, producer prices edged down 0.5% in December after climbing 2.5% in November.

Twelve-month PPI was lifted by a 27.6% increase in the crude refining segment, an 11.9% rise in the chemicals industry and 10.0% higher prices in the vehicle manufacturing sector. Prices for machinery production were up just 5.7%, pharmaceutical sector prices rose 6.5% and prices in the manufacturing sector increased 7.5%, in line with the headline figure.

Domestic producer prices rose 7.4% year-on-year in December, slowing from a 7.8% increase in November.

Producer prices for export were up 7.5% year-on-year in December, decelerating from an 8.1% rise in November. The forint weakened 9.7% to the euro and 10.1% to the dollar during the period.

Producer prices rose 4.2% for the full year, climbing 6.2% for domestic sales and increasing 2.8% for export sales.