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.
The sharp weakening of the forint that continued from September lifted forint-term export prices in the past three months although domestic producer prices also rose at a higher pace than earlier.
Domestic sales prices in November rose 1.5% from October, more than the 1.3% monthly rise in the previous month. November domestic sales prices were up 7.8% yr/yr, also picking up from a 7.5% increase in October.
Forint-term export sales prices rose 3.2% in a month-on-month comparison in November, accelerating from a 2.2% increase a month earlier, while export sales prices were up 8.1% yr/yr compared to a 6.6% yr/yr rise in the previous month.
Export prices rose in forint terms as the forint weakened 4.5% to the euro and 5.6% to the dollar over one month, softening 12.4% to the euro and 13.2% to the dollar over twelve months.
January-November industrial producer prices were up 3.9% yr/yr as domestic sales prices rose 6.1% and forint-term export prices rose 2.4% over the period.
The rise in PPI slowed compared to 2010 when industrial producer prices rose 4.5% as a result of a 7.3% rise in domestic sales prices and a 1.9% rise in forint-term export prices.
In a breakdown by end-use groups of producer branches, domestic sales prices in energy producer branches rose 2.2% in November from the previous month and were up 0.7% in intermediate-goods producer branches.
November domestic sales prices in capital goods producer branches were up 1.5% from October, rising now for the third month in a row after fluctuations between May and August and drops in the first months of last year.
In the consumer goods segments, domestic sales prices in consumer durables producer branches rose 1.1% from the previous month and prices in non-durable consumer goods producer branches were up 0.7%.
In a 12-month comparison, domestic sales prices in energy producer branches rose 11.3% and were up 6.4% in intermediate goods producer branches. January-November average prices in the energy producer segment rose 7.2% yr/yr and they rose 7.9% in the intermideate goods segment in the period.
Domestic sales prices in capital goods producer branches increased 4.3% yr/yr in November and were up 1.5% yr/y in January-November.
In consumer goods producer branches, prices in consumer durables producer branches were up 7.3% yr/yr in November and eleven-month prices rose 3.8%. Prices in non-durable consumer goods producer branches rose 3.4% in the twelve months to November and were up 4.2% yr/yr in January-November.