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Budapest, Hungary. Photo: MTI/Tamás Kovács

Industrial producer prices rose by 2.1 percent in November from the same month a year earlier, the Central Statistical Office (KSH) said on Monday.

Prices for domestic sales were up 2.5 percent while export prices rose by 1.9 percent.

In a month-on-month comparison, industrial producer prices climbed 0.4 percent as domestic prices were up 0.5 percent and export prices were up 0.4 percent.

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

Year-on-year, factory gate prices in the manufacturing sector rose by 2.9 percent in November.

Prices of the transport equipment segment were up 3.5 percent, and prices in the computer, electronic and optical products segment were up 1.7 percent. Prices in the food, beverages and tobacco segment were up 6.9 percent. Prices in the gas, electricity and steam supply segment fell by 3.7 percent.

In a month-on-month comparison, producer prices in the manufacturing sector were up 0.2 percent.

Prices in the transport equipment segment were unchanged, and prices in the computer, electronic and optical products segment were down 0.3 percent. Prices in the food, beverages and tobacco segment rose by 0.8 percent. Prices in the gas, electricity and steam supply segment were up 2.0 percent.

In January-November industrial producer prices rose by 2.1 percent year-on-year as domestic prices climbed 3.9 percent and export prices were up 1.3 percent.

Source: MTI

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