Industrial Producer Prices Fall 4.3% in February
The Producer Prices Index in Hungary dropped 4.3% year-on-year in February, falling for the seventh month in a row after rising for years, according to data released by the Central Statistical Office (KSH).
Prices for domestic sales fell by 5.8%, and export prices declined by 3.5%. In a month-on-month comparison, factory gate prices edged up 0.5% as prices for domestic sales were up 0.7%, and export prices inched up 0.3%.
Domestic prices of the manufacturing sector, which has a 60% weight in the PPI, dropped 2% year-on-year. Domestic energy prices, which account for 38.6% of PPI, fell 14.1%.
Export prices of the manufacturing sector, which has an 82.9% weight in the PPI, edged up 0.7%, while energy sector export prices, with a 16.7% weight, dropped 33.1%.
In January-February, factory gate prices fell 5.5% year-on-year as prices for domestic sales decreased 6.7% and export prices declined 4.9%.
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