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.

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