KSH: Hungary’s PPI drops 2.6% on average in June

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Hungaryʼs industrial producer prices were down by 2.6% in June as compared to the same month last year, due to a 4% drop in domestic prices and a 1.9% reduction in non-domestic prices, Hungary’s Central Statistical Office (KSH) announced today in a first release of data.

In June, as compared to the same month a year earlier, domestic prices for manufacturing were down 3.8%, and prices of electricity, gas, steam and air conditioning supply, representing significant weight, were 5.5% lower than a year earlier, according to KSH.

Among non-domestic producer prices, manufacturing prices were down 1.6%, and prices of electricity, gas, steam and air conditioning supply – also due to a decrease in the world market prices of energy sources – were 10.2% lower, KSH said.

In the first half of 2016, domestic prices were cut by 4.4% and non-domestic producer prices dropped by 0.6%, so industrial producer prices as a whole were 1.9% lower compared to the first half of 2015.

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