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Industrial producer prices up 6.2% in May

Hungary's industrial producer prices rose 6.2% in May from the same month a year earlier, the Central Statistics Office (KSH) said on Tuesday. The twelve-month increase peaked at 9.1% in March and slowed to 7.2% in April.

Forint-term export prices rose 9.2% in the twelve months to May 2009 and domestic sales prices rose 1.8%.

In a month-on-month comparison, industrial producer prices fell 2.0% in May.

Forint-term export prices decreased 3.2% from April and domestic sales prices decreased 0.3%.

The monthly drop in forint-term export prices reflect the effect of the forint's 4.5% strengthening against the euro and its 7.6% strengthening versus the dollar from April. Compared to May 2008, the forint weakened 13.9% against the euro and 30.0% against the dollar. (MTI-ECONEWS)