KSH: producer prices rose by 4.3 percent in March

By: Trademagazin editor Date: 2020. 04. 29. 11:23

In March, domestic industrial sales prices rose by an average of 1.5 percent, of which prices in manufacturing rose by 3.3 percent and those in energy fell by 1.9 percent. Export prices were 5.7 percent higher than a year earlier. Industrial producer prices were thus 4.3 percent higher than in March last year, the Central Statistical Office (KSH) reported on Wednesday.

Compared to the previous month, producer prices rose by 0.5 percent, mainly due to a 1.5 percent rise in export prices, after falling by 1.3 percent domestically.

The pace of price increases was influenced by changes in the forint exchange rate and changes in the prices of raw materials and commodities. In the field of the energy industry and the decline in oil prices, the effects of the changed economic processes due to the coronavirus pandemic were already felt, the KSH added in its report. (MTI)