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Hungary PPI rise 6.3% yr/yr in February

Industrial producer prices in Hungary rose 6.3% in the twelve months to February 2011 after a 7.0% twelve-month rise in January, the Central Statistical Office (KSH) said. The pace of the yr/yr rise has slowed each month since November.

In a month-on-month comparison, producer prices rose 0.2% after no change now in the previous two months. Industrial producer prices rose 1.5% a month in November after monthly drops between last August and October.

February domestic sales prices were up 9.2% yr/yr after a 9.6% yr/yr increase in January. In a month-on-month comparison, domestic sales prices were up 0.4% after a 0.6% increase in January.

Export sales prices rose 4.3% in forint terms in the twelve months to February; the pace of increase dropped further from 5.2% in January. Forint-term export sales prices were unchanged from February after dropping 0.4% on the month in January and slipping 0.1% in December.

The forint strengthened 1.5% to the euro and 3.7% against the US dollar between January and February, and was unchanged against the euro and weakened 0.3% against the dollar compared to February 2010.

Industrial producer prices rose 4.5% in 2010 from 2009 as domestic sales prices rose 7.3% and forint-term export prices rose 1.9%.