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.
Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more
Three large German companies have chosen to invest in Debrecen, Hungary's second-largest city, since Lufthansa launched its first direct flight two years ago, it was announced on April 11. ... ... more
Green opposition party Politics Can Be Different (LMP) has suspended talks with fellow opposition parties after they failed to reach a cooperation agreement ahead of the April general election. ... more