Industrial producer prices drop 2.8% in August
Image by Pixabay
Industrial producer prices in Hungary dropped by 2.8% in August on average, compared to the same month a year earlier, the Central Statistical Office (KSH) reported in a first reading of data today. Domestic sales prices dropped by 3.3% and export sales prices by 2.6% compared to a year earlier.
Within domestic sales prices, manufacturing prices were 2.4% lower, while prices of electricity, gas, steam and air conditioning supply, representing significant weight, were 6.0% lower than a year earlier as a long-term effect of a decrease in the world market prices of energy sources, the KSH said.
Within export sales prices, manufacturing prices were 2.2% lower, while prices of electricity, gas, steam and air conditioning supply, representing non-significant weight, were 13.5% lower, also due to a decrease in the world market prices of energy sources, according to the KSH data.
In the January–August period, domestic sales prices were cut by 4.1% and export sales prices by 1.0%, therefore industrial producer prices as a whole were 2.0% lower compared to the corresponding month a year earlier.
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.