Hungary’s PPI at 11.6 pc in June

Factory gate prices in Hungary rose by an annual 11.6 percent in June, picking up from the previous month to reach the highest level in years, the Central Statistical Office (KSH) said on Monday.

KSH said the increase was influenced by the forint’s exchange rate to the euro as well as dearer commodities and feedstock prices.

Prices for domestic sale increased by 15.4 percent, while export prices climbed by 9.7 percent.

In a month-on-month comparison, PPI rose by 1.0 percent as prices for domestic sale climbed 1.7 percent and export prices edged up by 0.7 percent.

For January-June, PPI was 9.5 percent as prices for domestic sales rose by 9.7 percent and prices for export climbed by 9.4 percent.

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Source: MTI

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