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Hungary PPI rose to 6.2% in February

Industrial producer prices in Hungary rose 6.2% in February from the same period a year earlier, slowing from a 7.8% increase in the previous month, data published by the Central Statistics Office (KSH) on Friday show.

In a month-on-month comparison, producer prices fell 1.3% in February after edging up 0.3% in January.

Twelve-month PPI was lifted by a 25.9% increase in the crude refining segment, an 11.8% rise in the chemicals industry, a 7.9% increase in the pharmaceutical sector, an 11.0% rise in the mining and quarrying sector, a 7.6% increase in the electrical equipment sector and a 9.4% rise in the energy sector. Prices in the food and beverages sector were up 7.0%, prices in the textile and clothing sector rose 6.7% and prices in the manufacturing sector increased just 5.7%.

In a month-on-month comparison, prices fell 2.0% in the vehicle manufacturing sector, and were down 2.4% in the computer and electronic products sector.

Domestic producer prices rose 7.6% year-on-year in February, slowing from a 7.7% increase in January. Producer prices for export were up 5.3%, slowing from a 7.8% rise in the previous month.

The forint weakened 7.2% to the euro and 10.5% to the dollar during the period.