Hungary's industrial PPI accelerates to 3% m/m, 4.3% yr/yr in Jan

Hungary's industrial producer price inflation ticked up to 3.0% month on month in January from 0.4% in Dec 2007, and rose 4.3% year on year against an 1.6% growth in the previous month, the Central Statistics Office (KSH) has reported on Friday.

Domestic price inflation came in at
10.8% yr/yr in Jan (vs. +6.2% yr/yr in Dec and +8.6% in Jan 07) and
in monthly terms it was up by 5.0% (vs. +0.6% in the previous month
and +0.7% in Jan 07). Producer prices in the manufacturing industry
went up 1.4% m/m and 2.5% yr/yr in Dec, against a respective +0.4%
and +1.1% in Dec 07.

Export sales prices in Dec eased by
0.5% yr/yr against a fall of 2.1% in the previous month and +1.0% in
Jan 2007. In monthly terms the KSH detected a 1.5% rise, following a
0.2% increase in Dec 07 and -0.1% m/m in Jan 07.
The filtering
through of the price shock continued in the food industry and food
price inflation came to 1.4% m/m (vs. 0.8% in Dec) and 12.7% yr/yr
(vs. +11.9% in Dec). On the domestic front food price inflation
remained unchanged in monthly terms at 1.2%, but eased some to 12.7%
in annual terms from 12.8%.