Hungary’s factory gate prices see notable rise in August

Factory gate prices in Hungary rose 3.0pc year-on-year in August, data released by the Central Statistics Office (KSH) on Monday show.

Prices for domestic sales rose 1.2pc, and export prices climbed 4.0pc.

KSH says domestic prices in the manufacturing sector, which account for 60.0pc of the PPI, rose 2.7pc year-on-year. Domestic energy prices, which account for 38.6pc of the PPI, fell 2.2pc.

Export prices of the manufacturing sector, which have an 82.9pc weight in the PPI, rose 2.5pc, while energy sector export prices, with a 16.7pc weight, climbed 8.8pc.

In a month-on-month comparison, factory gate prices rose 1.3pc as prices for domestic sale edged up 0.2pc and export increased 1.8pc.

In January-August, factory gate prices fell 1.0pc year-on-year as prices for domestic sales decreased 3.1pc and export prices inched up 0.1pc.

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