Hungary’s industrial producer prices edge up 0.2% y/y in October 2013.

By bne IntelliNews December 2, 2013

Hungary’s industrial producer prices edged up by 0.2% y/y in October 2013, easing from a 1.6% rise in the previous month, the statistics office said. On a monthly basis, prices dropped by 1.8% in October, after remaining flat in September.

The annual increase was driven by a 1.1% growth in export prices, while domestic prices declined by 1.3% y/y. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, increased by 0.8% y/y on the back of a 1.1% y/y hike in export prices, while domestic prices stagnated in October.

IntelliNews comment: The dynamics of the PPI inflation points to lower inflationary pressure on consumer prices in the short term. Hungary's annual consumer price growth slowed down to 0.9% in October from 1.4% in September.

Related Articles

Hungarian branch of Bucharest listed Digi to buy Invitel Tavkozlesi in €140mn deal

Bucharest listed Digi Communications announced on July 21 that its Hungarian subsidiary, Digi Tavkozlesi es Szolgaltato, has signed an agreement to acquire Hungarian broadband and telephone provider ... more

Czech judiciary denounces Poland's move to end separation of powers

Senior Czech judges on July 21 denounced Poland's judicial overhaul as an attack on the rule of law. With big street protests in the Czech Republic's neighbour seemingly gathering momentum – 120 ... more

Hungary's MOL strikes licensing deals essential to $1.9bn petrochemical expansion ambitions

Hungary's MOL announced on July 20 that it has struck licensing deals with Germany's Evonik Industries and Thyssenkrupp that will be essential in its plan to roll out a $1.9bn investment in ... more

Dismiss