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Hungary producer price rise slows on month but picks up yr/yr in July

The rise in Hungary's industrial producer prices slowed to 0.2% in July from the previous month but the twelve-month rise picked up to 8.7%, the Central Statistical Office (KSH) said on Tuesday.

The monthly rise was well down from a 1.4% increase in June and a sharp 3.8% in May. June prices were up 6.9% yr/yr.

Domestic producer prices in July fell 0.6% from June in the first monthly drop recorded since last October. July domestic sales prices still rose a sharp 9.9% in twelve months, little changed from a twelve-month increase of 9.2% in June.

The monthly rise of forint-term export sales slowed to 1.0% after a 1.8% rise in June and a sharp 4.1% increase in May, as the forint weakened less. Export prices increased a sharp 7.5% in forint terms from July 2009 after rising 4.7% in June and 2.0% in the twelve months to May.

Reflecting yr/yr drops in the first four months, industrial producer prices were still up just 2.0% in January-July from a year earlier. Domestic sales prices rose 5.2% yr/yr in the first seven months and export prices fell 1.0% yr/yr despite twelve-month rises, reflecting the weakening of the forint, in May and June. (MTI-Econews)