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Friday, May 30, 2008

Hungary Producer Prices March 2008

Hungary's industrial producer price inflation registered a decrease of 0.1% month on month in April from an increase of0.2% in March. Nonetheless producer price inflation accelerated to 6.5% year on year from 5.7% a month ago, the Central Statistics Office (KSH) reported today.

Domestic producer price inflation was running at 11.8% year on year in April (as compared with 10.8% year on year in March and 7.9% in April 2007) and in monthly terms prices were up by 1.0%, a slight increase on the 0.8% registered in the previous month (and 0.2% in April 2007).

Producer prices in the manufacturing industry dropped 0.3% month on month (vs. +0.1% in Mar) and 5.1% year on year (versus 4.4% in March) in the fourth month of the year.

Export sales prices in March rose by 2.6% year on year against an increase of 2.0% in the previous month and a decrease of 6.1% in April 2007. In monthly terms the KSH reported a 1.0% decline, following an 0.3% drop in March and a drop of 1.6% month on month in April last year.

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