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HUNGARY PPI UP 2.7% YR/YR IN MAY

 

Industrial producer prices rose by 2.7% in May from the same month a year earlier, the Central Statistical Office (KSH) said. Prices for domestic sales were up by 5.4% while export prices rose by 1.4%. In a month-on-month comparison, industrial producer prices were up by 0.5% as domestic prices were up by 0.8 and export prices increased by 0.4%. KSH said price increases were driven by growing wages, the exchange rate change of the forint and changes in the international price of oil. In January-May industrial producer prices rose by an annual 3.2% compared to the same period last year as domestic prices climbed 5.7% and export prices were up by 2.0%.