Automotive sector output in Hungary edges up 1.6% y/y in February
9 hours ago
Estonia's producer price index (PPI) grew 2.7% y/y in December, according to data released by Statistics Estonia on January 22. December was the fourth straight month in which PPI inflation slowed down its expansion.
The headline figure shed 0.6pp against the 3.3% annual expansion in November. December was the fifteenth consecutive month in which the PPI grew, although it dropped below the 3% y/y growth mark since January 2017. On a monthly basis, the index fell 0.6% in December, the first monthly deflation since May.
The annual growth in December came as prices expanded across three out of four main segments, repeating the pattern from November. In the manufacturing segment, prices grew 3.2% on the year, while also expanding in mining and quarrying by 4% y/y. In water supply, PPI growth came in at 0.5% y/y. The index fell 4.5% y/y in the utility segment.
Estonia's consumer price index (CPI) growth slowed down to 3.4% in annual terms in December, driven by commodities pricing and the low base from last year, data from Statistics Estonia showed in early January. That left overall price growth in 2017 at 3.4% as well, a major pick up compared to inflation of just 0.1% in 2016.
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Data
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
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Slovak inflation eased further to 2.3% in March
Prices in the alcohol and tobacco sector increased by 19% y/y, including the 9.1% spike in tobacco prices as a result of the new consumption tax.
Polish inflation eases further to 2% y/y in March
The inflation rate landed within the National Bank of Poland’s target of 1.5%-3.5% for a second successive month
CEE falling inflation trend comes to an end
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Hungary’s CPI edges lower, but price pressures remain in service sector
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
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