Hungary’s industrial producer prices drop 1.9% y/y in March

By bne IntelliNews May 5, 2014

Hungary’s industrial producer prices decreased by 1.9% y/y in March 2014, reversing a 0.2% y/y rise in the previous month, the statistics office said. On a monthly basis, prices were down by 0.6% in March, snapping a three-month rising streak.

The annual drop was driven by a 2.5% y/y decrease in domestic prices and a 1.6% y/y fall in export prices

Prices in the manufacturing sector, which traditionally determines the overall price dynamics, were down by 1% y/y, reversing from annual rise in the previous eleven months. The decrease was on the back of a 0.3% y/y drop in domestic prices and 1.3% y/y drop in export prices.

IntelliNews comment: The dynamics of the PPI inflation points to lower inflationary pressure on consumer prices in the short term. Hungary's consumer prices edged up by 0.1% y/y in March, rising at the same pace as in the previous month.

Related Articles

Hungarian opposition parties seek explanation for secret admission of asylum seekers

Despite its all-out attacks on the EU’s refugee quotas, Viktor Orban's government secretly gave permission for the admission of the same number of asylum seekers to the country in 2017 as ... more

Hungarian president sets date for parliamentary election

President Janos Ader has set April 8 as the date of Hungary's general election, it was announced on January 11. This is the earliest possible Sunday that the ballot can be held under the law. The ... more

Hungarian government backtracks from collecting fines from opposition parties before election

The Economy Ministry on January 10 asked the tax authority to delay collecting fines from opposition parties imposed by the state auditor ASZ to ensure that their pre-election budgets and campaign ... more

Dismiss