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Hungary PPI slows to 7.9% in September

Twelve-month industrial producer price growth in Hungary slowed to 7.9% in September from 9.0% in August, the Central Statistical Office (KSH) said. Industrial producer prices rose at a slower rate for the first time in five months. Prices fell in January-April.

In a month-on-month comparison, producer prices fell 0.9% in September after inching down 0.2% in August.

Twelve-month prices for domestic sale rose 9.7% in September after climbing 10.5% in August. Domestic sales prices in the manufacturing sector rose 7.1% in September from the same month a year earlier. Within the manufacturing sector, prices in coke production and petroleum refining were up 26.7%, prices in the chemical materials and products sector rose 13.8% and prices in the basic metals and metal processing segment increased 13.1%. Prices were down 0.9% in the vehicle manufacturing segment and inched down 0.1% in the food industry. Prices rose 13.0% in the energy sector and were up 1.6% in the capital goods segment. Prices fell 0.3% in the consumer goods segment.

In a month-on-month comparison, domestic sales prices were down 0.7% after rising 0.3% in the previous month. Prices rose 0.5% in the manufacturing sector, lifted by a 1.9% increase in the food industry and a 0.8% climb in the coke and refinery segment. Prices fell 1.7% in the vehicle manufacturing segment and 0.7% in the chemicals sector.

Twelve-month export sale prices were up 6.2% in September after increasing 7.6% in August. The forint weakened 3.8% to the euro and 15.7% to the dollar in the twelve months to September.

Export sale prices fell 1.1% in a month-on-month comparison. The forint weakened 0.4% against the euro and strengthened 0.7% to the dollar on the month. (MTI – Econews)