Hungary’s industrial producer prices edge down 0.1% y/y in Jan 2014, first decline in eight 8 months.

By bne IntelliNews February 28, 2014

Hungary’s industrial producer prices decreased by 0.1% y/y in January 2014, posting their first decline in eight months, the statistics office said. On a monthly basis, prices were up by 0.7% in January, speeding up from a 0.5% m/m rise in December 2013.

The annual drop was driven by a 1.2% y/y fall in domestic prices, while export prices increased by 0.6% y/y. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, advanced by 0.7% y/y on the back of a 0.8% y/y hike in export prices and 0.5% y/y rise in domestic 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 remained unchanged y/y in January 2014, after increasing 0.4% y/y in December 2013.

Related Articles

Finland gives final nod to construction of Nord Stream II

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

Lufthansa's arrival lifts economy of Hungary's second city

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

Hungarian opposition parties bet on strong election turnout as cooperation talks stall

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