Hungary's agricultural PPI falls 2.3% y/y in July 2013, first decrease in 15 months

By bne IntelliNews September 13, 2013

Hungary's agricultural producer price index (PPI) decreased by 2.3% y/y in July 2013, registering its first decrease in 15 months, data from the statistics office showed.

The reading was pushed down by a 7.4% y/y decline in crop prices. Producer prices of cereals decreased by 12% y/y, prices of industrial crops fell by 1.7% y/y and of fruit prices shrank by 20.7% y/y. By contrast, prices of both fresh vegetables and flowers increased by 10% y/y and costs of potatoes surged by 75.6% y/y.

Prices of live animals and animal products grew by 7.8% in July, faster that June’s growth of 6% y/y. Prices of poultry and pigs for slaughter advanced by 9.5% and 7.7% y/y, respectively. Costs of animal products increased by 12.6% y/y in July, reflecting a 19% y/y rise in milk prices. On the other hand, costs of cattle for slaughter declined by 20.2% y/y in July.

In cumulative terms, Hungary's agricultural producer prices grew 6.2% y/y in January to July 2013, with live animals and animal products increasing by 4.8% y/y and crops costs advancing by 7% y/y.

Related Articles

President inaugurates Hungary's first privately funded solar power plant

Investment company Solar Mark opened a new solar power plant near the Hungarian-Austrian border on May 23. It marked the first such investment financed solely by private capital and bank loans ... more

Owner of Hungary’s flagship retail chain CBA sells remaining shares

The co-founder and owner of Hungary's flagship retail chain CBA, the fourth-largest in turnover, is selling his remaining share in the company, local media reported on May 22. Laszlo Baldauf is ... more

Hungary fills labour market gap by luring workers from non-EU countries

Last year 25,000 foreigners outside of EU countries received working permits in Hungary, an increase of 10,000 from 2017, to ease the dire labour shortage, the pro-government daily Magyar Idok ... more

Dismiss