Hungarys producer price growth speeds up to 7.8% y/y in Jan 2012.

By bne IntelliNews March 2, 2012
Hungarys industrial producer prices rose by 7.8% y/y in January 2012, speeding up their growth from 7.5% in the previous month, the statistics office said. On a monthly basis, prices grew by 0.3%, after decreasing by 0.5% in December. Domestic producer prices grew by 7.7% y/y and export prices, measured in local currency, climbed by 7.8% y/y in January. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, were up 7.9% y/y in January, with both domestic and export sale prices advancing by 8.7% y/y and 7.6% y/y, respectively. Prices in electricity, gas, steam and air-conditioning supply, were up 8% y/y, with export sales advancing by 24.9% y/y and domestic sales by 6.3% y/y. Prices within the mining and quarrying also witnessed an annual increase in January 2012. Industrial PPI rose by 4.2% y/y in full-2011 with domestic sales prices being up by 6.2% y/y and export sales - by 2.8% y/y.

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