Hungarys producer price growth eases to 7.5% y/y in Dec 2011.

By bne IntelliNews February 1, 2012
Hungarys industrial producer prices rose by 7.5% y/y in December 2011, slightly easing their growth from 8% a month earlier, the statistics office said. On a monthly basis, however, prices declined by 0.5%, after increasing by 2.5% in November. Domestic producer prices grew by 7.4% y/y and export prices, measured in HUF, climbed by 7.5% y/y in December. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, were up 7.5% y/y in December, with both domestic and export sale prices advancing by 8.2% y/y and 7.2% y/y, respectively. In cumulative terms, industrial PPI rose by 4.2% y/y in 2011 with domestic sales prices being up by 6.2% y/y and export sales - by 2.8% y/y.

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