Central Europe / Data
Real wages in Hungary rise at fastest pace in 30 years in 2024
Gross wages in Hungary averaged HUF646,800 (€1,620) and net wages came to HUF430,100 last year, both up 13.2% year on year, according to data from the KSH.
Polish PPI moves closer to positive territory in January
Poland's producer price index (PPI) fell 0.9% year on year in January (chart), following a revised fall of 2.7% y/y in December, the country’s statistics office GUS said on January 22.
Polish industrial production declines 1% y/y in January
Poland’s industrial production contracted 1% year on year at constant prices in January (chart), after a gain of 0.2% y/y the preceding month, unadjusted data from the statistical office GUS showed on February 22.
Polish inflation unexpectedly jumps to 5.3% y/y in January
Poland’s consumer price index rose to 5.3% year on year in January (chart), up from 4.7% in December, data from the country’s statistical office GUS showed on February 15.
COMMENT: Upside inflation risks build across CEE
Inflationary pressures across Central and Eastern Europe (CEE) are intensifying, with higher-than-expected consumer price index (CPI) data prompting a shift in monetary policy expectations across the region, says Capital Economics.
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Czech January inflation confirmed to have slowed down to 2.8% y/y
Czech consumer price indices increased by 2.8% year on year and by 1.3% month on month after the Czech Statistical Office confirmed its previous y/y inflation growth estimate.
Hungary ranked most corrupt country in EU in Transparency's CPI index
Hungary has retained its ranking as the European Union's most corrupt country for the third year in a row, according to the 2024 report released by Transparency International.
Hungary's January inflation soars to 5.5%, 0.7pp above forecast
Hungary's January inflation surprised analysts by accelerating more than expected, with the annual rate jumping from 4.6% to 5.5% (chart), driven by the rise in food prices and higher tax levies.