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Feb 04, 2020

Hungary's PPI increases by 2.4 percent year-on-year

KSH has revealed that industrial producer prices (PPI) rose by 2.4 percent in December from the same month a year earlier.

The Central Statistical Office (KSH) has revealed that industrial producer prices (PPI) rose by 2.4 percent in December from the same month a year earlier.

According to MTI, prices for domestic sales were up 3.3 percent while export prices rose by 1.9 percent.

In a month-on-month comparison, industrial producer prices were down 0.2 percent as domestic prices edged up 0.2 percent and export prices inched down 0.3 percent.

In 2019, industrial producer prices rose by 2.1 percent as domestic sales prices climbed 3.9 percent and export prices were up 1.3 percent.

KSH said price increases were driven by growing wages, changes in the forint exchange rate and changes in the international prices of natural resources.