Industrial producer prices drop 1.2% in October

EU

Image by Pixabay

Industrial producer prices in Hungary dropped by 1.2% on average in October, compared to the same month a year earlier, Hungary’s Central Statistical Office (KSH) announced today in a first reading of data.

Although domestic sales prices rose by 1.0% in manufacturing in October, they were 6.2% lower in electricity, gas, steam and air conditioning supply, also representing significant weight, compared to the same month of 2015. Industrial export sales prices were down by 1.3%, the KSH added. 

Within industrial domestic sales prices, of the end-user groups of the producing branches of industry, prices – due to price developments of energy sources – were reduced by 2.2% in energy and intermediate producing branches, according to the KSH, while prices rose by 0.9% in capital goods producing and 1.2% in consumer goods producing branches.

Within industrial export sales prices, manufacturing prices were 0.7% lower, while – also due to a decrease in the world market prices of energy sources – prices in electricity, gas, steam and air conditioning supply, representing small weight, were 15.9% lower, according to the KSH.

In the January-October period, as compared to the corresponding period a year earlier, domestic sales prices were down by 3.7% and export sales prices by 1.2%, so that industrial producer prices as a whole were 2% lower, according to KSH data.

ADVERTISEMENT

Companies Unprepared for Cyberattack Analysis

Companies Unprepared for Cyberattack

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Higher Sugar Prices Raising Holiday Candy Costs Retail

Higher Sugar Prices Raising Holiday Candy Costs

Hungarian Tourism in Croatia Returning to Pre-pandemic Level... Tourism

Hungarian Tourism in Croatia Returning to Pre-pandemic Level...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.