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INDUSTRIAL PPI DOWN 0.2% IN MAY

 

Factory gate prices in Hungary dropped by an annual 0.2% in May, falling for the tenth month in a row after rising for years, the Central Statistical Office (KSH) said. Prices for domestic sale fell by 3.9% but export prices were up 1.7%. Month on month, factory gate prices inched up 0.2% as prices for domestic sale slipped by 0.9% while export prices rose by 0.7%. In January-May, factory gate prices dropped by an annual 3.2% as prices for domestic sales decreased by 5.5% and export prices slipped 2.1%.