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Aug 05, 2020

Hungary's industrial producer prices rose by an annual 3.1 percent in June

KSH reveals that industrial producer prices rose by an annual 3.1 percent in June, accelerating from 1.7 percent in May.

 

The Central Statistical Office (KSH) has revealed that industrial producer prices rose by an annual 3.1 percent in June, accelerating from 1.7 percent in May.

According to MTI, prices for domestic sale dropped by 1.1 percent, while export prices rose by 5.2 percent. KSH noted that the coronavirus pandemic had impacted markets and exchange rates during the period. Domestic sales prices have been down year-on-year since April.

Export prices increased at a higher pace since the start of the year, partly on base and exchange rate effects. Year-on-year, factory gate prices in the manufacturing sector rose by 4.9 percent in June.

Prices of the transport equipment segment were up 8.4 percent, and prices in the computer, electronic and optical products segment were up 4.7 percent. Prices in the food, beverages and tobacco segment increased by 6.3 percent. In January-June, industrial producer prices rose by an annual 3.4 percent, as domestic prices rose by 0.6 percent and export prices climbed 4.8 percent.

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