Hungary's April PPI up by 4.9% y/y.

By bne IntelliNews June 1, 2011
Hungary's domestic producer price index growth decelerated further to 6.4% y/y, while the export PPI, measured in local currency, was up by 3.8% y/y, resulting in a total increase in Hungary's PPI of 4.9% y/y in April, the statistics office reported. In monthly terms, there was almost no change in the overall index (down by 0.3%), as the 0.8% higher domestic prices were offset by an 1% drop in exports PPI. Manufacturing producer prices remained the main driver for the rise in PPI. In annual comparison, PPI was highest in the manufacture of coke and refined petroleum products (26.6%), chemicals and chemical products (12.5%), and basic metals and fabricated metal products (10.7%). Inflation was observed in all other groups, except for pharmaceutical industry (down by 0.1%) and the manufacture of transport equipment (down by 0.8%). Regarding the other sub-branches, the hike in production prices was as follows: food industry - 10.4%, manufacture of electrical equipment - 4.3%, other manufacturing - 4.9% and manufacture of computer, electronic and optical products - 2.3%. The upward trend in the prices in electricity, gas, steam and air-conditioning supply continued, but at much moderate pace of 2.6% y/y. The dour-month cumulative inflation since the beginning of the year stood at 6.2% 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. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    8 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    26 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss