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PPI climbs close to 15 percent in July

Factory gate prices in Hungary climbed an annual 14.8 percent in July, the fastest rate in years, data released by the Central Statistical Office (KSH) on Thursday show.

KSH said the increase was driven by dearer raw materials, base materials and vehicle fuel, as well as by the forint-euro exchange rate.

Factory gate prices for chemicals shot up by 41.3 percent and rose by 25.1 percent for metal products.

Prices for domestic sale increased by 18.3 percent and export prices rose by 13.0 percent.

In a month-on-month comparison, factory gate prices rose by 3.5 percent as prices for domestic sale increased by 3.3 percent and export prices were up by 3.6 percent.

For the period January-July, industrial producer prices increased by 10.3 percent year-on-year, with prices for domestic sale rising 10.9 percent and export prices climbing 9.9 percent.

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