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

V4 leaders positive after dinner with European Commission president

The head of the European Commission Jean-Claude Juncker held talks with leaders of the Visegrad Group at a nearly three-hour dinner on October 19.  The dinner on the eve of the EU summit was ... more

Wizz Air applies for UK license as it prepares for Brexit turbulence

Hungary-based no-frills airline Wizz Air has set up subsidiary in the United Kingdom and is considering acquiring an air operators certificate (AOC) in preparation for possible negative impacts ... more

Hungarian retail investors continue to pile into domestic government bonds

The stock of government bonds held by households rose by HUF154bn (€500mn) September to an all-time high of HUF6.5 trillion, Hungary’s Government Debt Management Agency (AKK) said on October 16. ... more

Dismiss