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Industrial producer prices up 6.0% yr/yr in July

Hungary's industrial producer prices rose 6.0% in July from the same month last year after a 6.6% increase in June, the Central Statistical Office (KSH) said on Monday. The twelve-month increase peaked at 9.1% in March and slowed to 6.2% in May. In H1, industrial producer prices were up 7.2% from the same period last year.

Forint-term export prices rose 10.4% in the twelve months to July 2009 and domestic sales prices fell 0.4%. In a month-on-month comparison, industrial producer prices fell 1.5% in July after a 0.1% drop in June. Forint-term export prices decreased 1.6% from June and domestic sales prices eased by 1.3%. The monthly drop in forint-term export prices reflect the effect of the forint's 3.0% and 3.5% strengthening against the euro and the dollar, respectively from June. Compared to July 2008, the forint weakened 17.3% against the euro and 31.4% against the dollar. (MTI-Econews)