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.
Union leaders are preparing for the first country-wide strike at Tesco stores in Hungary, which has unanimous support from workers, local media reported on September 4. This is just the latest in ... more
The Moscow-based International Investment Bank (IIB) announced on August 9 that it has signed off on its debut credit facility in Hungary. The Russian-led IIB decided around five years ... more
Manufacturers in Central Europe reported a step back in activity and confidence in July, purchasing managers’ indices (PMI) released by IHS Markit on August 1 showed. While, the indicators still ... more