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

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

Explosion at Austrian gas hub interrupts supplies to Italy, Hungary and Slovenia

An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more

Dismiss