Hungary twelve-month PPI flat in October

Twelve-month PPI peaked at 9.1pc in March and slowed to 6.2pc in May before picking up to 6.6pc in June again. Twelve-month forint-term export prices rose 1.8 pc in October, slowing from 6.5pc in September and 8.4pc in August. Domestic sale prices fell 2.7pc in October year-on-year after dropping 1.2 pc in September and 0.9pc in August. In a month-on-month comparison, domestic industrial prices decreased in October by 0.5pc and export prices grew by 0.4. In September they were flat and rose 0.1pc, respectively. On average, industrial producer prices were flat compared the September, too. In a twelve-month comparison, export prices for electric equipment rose 9.2pc on October after a rise of 11.7pc in September, machinery prices climbed 4.2pc after growing 9.3pc in September and vehicle prices were up 2.8pc after up 8.4pc in September. Export prices for IT products rose 3.2pc after up 5.9pc in September and were down 0.9pc for pharmaceuticals after rising 5.1pc in the previous month. In a month-on-month comparison, export prices for both groups rose for the first time in seven and eight months respectively. Twelve-month producer prices in the manufacturing sector grew 0,6 pc after rising 4.2pc in September. Domestic producer prices for IT and electronic products rose 1.8pc after 1.4pc in September, they were up 3.3pc for electric equipment after climbing 4.7pc in September and rose 3.5pc for vehicles after going up 6.2pc in September. Domestic producer prices for capital goods were up 1,7pc year-on-year after up 3.3pc in September and they fell 0.3pc for consumer goods after a rise of 0.9pc in September. 

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