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Hungary producer prices rise 3.8% from previous month in May

Hungary's industrial producer prices rose 3.8% in May from the previous month, increasing 5.5% from one year earlier, the Central Statisticals Office (KSH) said on Monday. The monthly rise was 1.6% in April with a year-on-year fall of 0.1%.

Domestic producer prices rose 3.4% - again at the fastest pace in more than two years - in May from April, and were up 9.1% from May 2009. Previously in April the monthly increase, 3%, was already the biggest in two years, suggesting the start of a recovery from the recession.

Export sales prices were up 4.1% in forint terms from April, and up 2.0% from May 2009. Previously, export sales prices were up 0.3% in forint terms in April from March, but fell 5.1% from April 2009.

Domestic sales prices in the manufacturing sector were up 2.0% in May from the previous month, following an 1.2% monthly increase in April. Year-on-year, prices grew 6.4% in May after rising 3.9% in April.

Energy product prices were 5.4% higher in May than in April, and year-on-year growth was 15.3%. Consumer goods producer prices fell 0.2% in May from April, and were 2.7% lower from a year ago.

Industrial producer prices on average were 0.3% lower in the first five months of the year than in the first five months of last year. Domestic prices were up 3.4% with export sales prices down 3.8%. (MTI-Econews)