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HUNGARY DEC INDUSTRIAL PRODUCER PRICES DOWN 7.2%

 

Factory gate prices in Hungary dropped by an annual 7.2% in December, falling for the fifth month in a row after rising for years, the Central Statistical Office (KSH) said on Wednesday. Prices for domestic sale fell by 3.6%, while export prices declined by 8.9%. Month on month, industrial producer prices dropped by 0.7% as prices for domestic sale fell by 0.6% and export prices slipped by 0.8%. Domestic prices of the manufacturing sector, which have a 65% weight in the PPI, dropped by 3.1% year on year. Domestic energy prices, which account for 30% of PPI, fell by 5.6%. Export prices of the manufacturing sector, which have a 90% weight in the PPI, fell by 3.2%, while energy sector export prices, with only a 9.8% weight, plunged by 50.6%. In the full year, factory gate prices climbed by 7.8% as prices for domestic sale rose by 25.4% and export prices edged down by 0.7%.