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