Hungarys producer price growth slows down to 6.2% y/y in Feb 2012.

By bne IntelliNews April 2, 2012
Hungarys industrial producer prices rose by 6.2% y/y in February 2012, slowing down from 7.8% in the previous month, the statistics office informed. On a monthly basis, however, prices declined by 1.3 after increasing by 0.3% in January. Domestic producer prices grew by 7.6% y/y and export prices, measured in local currency, climbed by 5.3% y/y in February. Prices in the manufacturing sector, which traditionally determines the overall price dynamics, were up 5.7 % y/y in February, with both domestic and export sale prices rising by 7.8% y/y and 4.9% y/y, respectively. In cumulative terms, industrial prices rose by 7% y/y in Jan-Feb 2012 with domestic sales prices being up by 7.6% y/y and export sales - by 6.6% y/y.
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