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November PPI up 2.5% from Oct, up 8% yr/yr

Industrial producer prices in Hungary rose 2.5% in November from October and were up 8.0% in twelve months, figures published by the Central Statistics Office (KSH) on Friday show.

Both the monthly and the twelve-month PPI was higher than in October, boosted by export prices. Domestic sales prices rose less than the overall index.

The monthly rise accelerated from 1.9% in October. The producer prices rose 3.3% a month in September following below-1% rises or drops in the previous ten months.

In a twelve-month comparison, the 8.0% PPI increase followed a 7.0% increase in October. The twelve-month rise picked up steeply in the last two months from 4.1% in September and slight drops in the preceding three months.