Hungarys producer price growth eases to 0.2% y/y in Oct 2012.

By bne IntelliNews December 3, 2012
Hungarys industrial producer prices edged up by 0.2% y/y in October 2012, slowing their growth for the fifth consecutive month, the statistics office said in a statement. On a monthly basis, prices decreased by 0.4%, after increasing by 0.8% m/m in September. Domestic producer prices grew 2.7% y/y while export prices, measured in the local currency, declined by 1.5% y/y in October. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, were down 0.2% y/y, as a 2.6% y/y growth in domestic sale prices was unable to offset a 1.3% y/y decline in export sale prices. In cumulative terms, industrial prices increased by 5.6% y/y from January to October 2012, with domestic prices advancing 6.3% y/y and export sales going up by 5.2% y/y. IntelliNews comment : Although Hungarys PPI growth was much slower than the the consumer price inflation in October (6% y/y), we dont expect the CPI to ease notably in coming months. Considering that domestic PPI in the manufacturing of foods speeded up, it is expected that food prices will continue to expert pressure on the CPI in the months to come.

Hungarys producer price growth eases to 0.2% y/y in Oct 2012.

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