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