Hungary's agricultural PPI down 4.5% y/y in Feb 2012.

By bne IntelliNews April 13, 2012
Hungary's agricultural producer price index (PPI) reversed to a 4.5% y/y drop in February 2012 from an annual rise of 0.3% in January, data from the statistics office showed. The index had been expanding at a double-digit pace since mid-2010 to end-2011. The decline in February was due to 11.6% y/y cheaper crops. Producer prices of cereals and fruits were down by 13.5% y/y and 13.6% y/y, respectively. Potatoes and fresh vegetable prices also dropped further in February. Prices of oil seeds reversed to a 1.3% annual drop. PPI grew only in the segments of industrial crops and flowers. However their growth slowed down considerably in February and will most likely reverse to a decline in the next month. The prices in the other main agricultural group - live animals and animal products - increased by 13.3% y/y, slowing down from 15.6% y/y in January 2012. The price growth decelerated also in the subgroups of pigs for slaughter, poultry for slaughter, animal products and milk. In aggregate terms, the agricultural PPI was down by 1.2% y/y in Jan-Feb period, with crops decreasing by 7.6% y/y, while live animals and animal products increased by 14% y/y.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Assets of Hungarys investment funds up 3.2% m/m in Feb 2013.

Hungary's investment funds had aggregate assets of HUF 3.657tn (EUR 11.98bn) as of end-February 2013, up by 3.2% m/m, MTI news agency reported citing data from the association of investment funds ... more

Hungary's number of employees down 0.6% y/y in Jan 2013.

The number of employees in Hungary's public and private sectors fell for the tenth straight month in January 2013 declining by 0.6% y/y to 2.574mn, the statistics office informed. The decline ... more

Hungarys MVM clears deal for purchasing E.ONs local units.

The assembly of state-owned Hungarian Electricity Works (MVM) has approved the purchase of the local gas business of German power utility E.ON, Hungary AM reported, citing local daily Magyar ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss