Are you sure?

March PPI unchanged from February

Industrial producer prices in Hungary were unchanged in March from February and were up 6.6% in twelve months, the Central Statistics Office (KSH) said on Friday.

The pace of the yr/yr rise picked up for the first time after slowing since November. In a month-on-month comparison, producer prices has been unchanged since November 2010 except for a 0.2% rise in February.

Domestic sales prices in March were up just 0.1% from February after two months with bigger monthly rises, of 0.6% in January and 0.4% in February. March domestic sales prices were up 8.7% yr/yr; the twelve-month rise has slowed steadily from a peak of 10.8% in November.

In a month-on-month comparison, export sales prices fell 0.1% in forint terms after no change in February. Export prices rose 5.2% in the twelve months to March, returning to the January pace after a slowdown to 4.3% in February.

The forint firmed 0.2% to the euro and 2.8% to the US dollar from February to March, and it fell 2.0% against the euro and firmed 1.3% to the dollar in the year to March.

January-March industrial producer prices were up 6.7% yr/yr as domestic sales prices rose 9.2% and forint-term export prices rose 4.9% in the period.