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Industrial producer prices drop 1.2% in October

EU

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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.

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