Domestic sales prices of industry rose by 11.7%

Export sales prices of industry, measured in HUF, decreased by 2.2% compared to the previous month and slightly, by 0.1% compared to the corresponding month of the previous year.

According to Hungarian Central Statistic Office the industrial producer prices were 1.1%
lower than in the previous month but 4.9% higher than a year before.
The rise in domestic sales prices of the industry as a whole compared
to the previous month was lower in May than the increase rate of 1.0%
measured in the previous month.

Domestic sales prices of manufacturing
branches rose by 0.4% compared to the previous month. The highest
monthly price increase was recorded again in the manufacture of
refined petroleum products (2.2%), which was mainly due to further
price rises of the world market prices of crude oil and oil
derivatives. In the manufacture of basic metals and fabricated metal
products an above-the-average price rise (0.9%) was registered again
mainly because of the price increase of basic metal materials and the
rise of other production costs (e.g. energy). Price increases were
also measured in the manufacture of food products, beverages and
tobacco (0.8%), as well as in non-elsewhere classified manufacturing
branches (0.7%). Prices changed only to a small extent in the
manufacture

of pulp, paper and paper products;
publishing and printing and in the manufacture of other non-metallic
mineral products. The largest price falls were registered in textile
industry branches and in the manufacture of electrical and optical
equipment (1.3%) compared to the previous month. Prices decreased by
0.2–0.8% in the rest of manufacturing branches. The prices of
electricity, gas and water supply, representing a considerable
proportion in domestic sales of industry, increased by 0.3% in May,
which was lower than in the previous month.

Compared to May 2007 the highest price
increase within the domestic sales of manufacturing branches was
observed in the manufacture of refined petroleum products (28.9%).
The prices of manufacturing food products, having a significant share
in domestic sales as a whole, rose by 13.7%, while those of
manufacturing basic metals and fabricated metal products by 9.1%.
Price falls occurred only in the manufacture of textiles and textile
products (2.1%) and that of transport equipment (0.5%). In the
remaining manufacturing branches price increases varied between 1.3%
and 5%. In manufacturing as a whole, prices went up by 9.8% in the
last twelve months. The prices

of electricity, gas and water supply
were 15.2% higher than in the same period of the previous year.

Among the end-use groups of branches in
domestic sales the prices of consumer goods producer branches showed
the highest monthly rise (0.5%) in May, primarily because of the
price increase (0.7%) measured in nondurable consumer goods (and
especially in food) producer branches. In energy and intermediate
producer branches prices rose by 0.4% compared to the previous month.
In capital goods producer branches there was a slight, 0.2% price
decline. In May 2008 the highest price increase was observed in
energy and intermediate goods producer branches (14.5%) compared to
the corresponding month of the previous year. The prices of consumer
goods producing branches went up by 8.1%, while those of capital
goods diminished by 1.6%.

Export sales prices of industry as a
whole measured in HUF were down by 2.2% in May compared to the
previous month, and decreased by 0.1% only compared to May 2007, i.e.
practically remained unchanged. The HUF appreciated by 2.5% against
the EUR and by 1.3% against the USD compared to the previous month.
Compared to May 2007 the HUF appreciated by 0.4% against the EUR and
by 13.6% against the USD.