Hungary’s industrial producer prices rise 0.6% y/y in November 2013.

By bne IntelliNews January 8, 2014

Hungary’s industrial producer prices increased by 0.6% y/y in November 2013, seeding up from a 0.2% rise in the previous month, the statistics office said. On a monthly basis, prices dropped by 0.3% in November, slower than October’s decline of 1.8% m/m.

The annual increase was driven by a 2.1% growth in export prices, while domestic prices declined by 1.9% y/y. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, advanced by 1.6% y/y on the back of a 2.2% y/y hike in export prices, while domestic prices stagnated in November.

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 to 0.9% in October from 1.4% in September.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

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

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Hungary signs deal to link to Russia's Turkish Stream gas pipeline

Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more

Dismiss