Price of industry jumped

According to Hungarian Central Statistic Office the domestic sales prices of industry rose by 1.2% in October 2008 compared to the previous month and were 13.2% higher than in October 2007.

 Export sales prices of industry
measured in HUF increased by 5.1% compared to the previous month and
by 3.8% compared to the corresponding month of the previous year. The
monthly increase of export sales prices was significantly influenced
by the conversion rate change of the HUF against major currencies.
Industrial producer prices involving both domestic and export sales
prices were 3.4% higher than in the previous month and 7.8% higher
than a year before.

Domestic sales prices of industry rose
to a higher extent (1.2%) compared to the previous month than in the
last month. Domestic sales prices of manufacturing branches increased
in October – at the same rate as in the previous month – by 0.3%
compared to September. In October 2008 the highest monthly price
increase was recorded in the manufacture of transport equipment
(2.9%), due to monthly price rises observed in several sub-branches
of this sector. Prices rose by 1.4% in the manufacture of electrical
and optical equipment, influenced particularly by the 4.3% price rise
measured in the manufacture of office machinery and computers. Prices
of rubber and plastic

products went up by 1.1% on a monthly
basis. Price decreases occurred in manufacture of refined petroleum
products (0.7%), in the branches of chemicals, chemical products and
man-made fibres and in those of basic metals and fabricated metal
products (0.5%). Prices also went down in manufacture of textiles and
textile products as well as in machinery and equipment sectors
(0.2%). As for other manufacturing branches, price increases ranged
between 0.1% and 1.0%. The prices of electricity, gas and water
supply, representing a considerable proportion in domestic sales of
industry, rose by 3.1% in October, primarily owing to the gas price
increase that came into effect from 1st October.

Compared to October 2007, the highest
price increase within the domestic sales of manufacturing branches
was observed in the manufacture of refined petroleum products (27.9%)
in October. The prices of manufacture of fabricated metal products
rose by 11.0%, while those of manufacturing chemicals, chemical
products and manmade fibres went up by 10.1%. Price falls occurred
only in the manufacture of textiles and textile products (2.2%) and
in wood and wood products branches (0.6%). In the remaining
manufacturing branches price increases varied between 1.0% and 6.4%.
In manufacturing as a whole, prices went up by 8.7% in the last
twelve months. The prices of electricity, gas and water supply were
22.6% higher than in the same period of the previous year.

Among the end-use groups of branches in
domestic sales the prices of energy and intermediate producer
branches, capital goods producer branches and consumer goods producer
branches showed monthly rises of 1.4%, 1.1% and 0.7%, respectively.
In October 2008 the highest price increase was recorded also in
energy and intermediate producer branches (17.4%) compared to the
corresponding month of the previous year. The prices of consumer
goods producing branches went up by 5.1%, while those of capital
goods showed no change on an annual comparison.

Export sales prices of industry as a
whole measured in HUF rose by 5.1% in October compared to the
previous month, and by 3.8% compared to October 2007. The HUF
depreciated by 7.2% against the EUR and by 15.4% against the USD in
comparison to the previous month; and by 2.9% against the EUR and by
9.6% against the USD compared to October 2007.