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Hungary PPI falls 2.9% in November

Industrial producer prices in Hungary dropped 2.9% year-on-year in November, falling for the first time in more than a year on a decline in export prices.

Hungary's PPI last fell in August 2011, edging down 0.1%.

Prices in the manufacturing sector were down 3.4%. Within manufacturing, prices in the computer, electronic and optical products segment, which carries the biggest weight, dropped 5.3%. Prices in the transport equipment segment plunged 9.8%, but prices in the food, beverages and tobacco segment rose 4.8%.

Prices for electricity, gas and heat supply decreased 0.7%.

Overall prices for domestic sale increased 0.6% but prices for export sale fell 5.2%.

In a month-on-month comparison, industrial prices slipped 0.7% in November.

In January-November, factory gate prices rose 4.8% from the same period a year earlier.