Hungary’s producer prices declined for the fifth month in a row in July, albeit at a slower pace, figures from the Hungarian Central Statistical Office showed Thursday.
The producer price index fell 0.3 percent year-on-year in July, slower than June’s 0.6 percent decline. Economists had forecast prices to fall at a stable rate for the month. Producer prices have been falling since March.
On a monthly basis, producer prices rose 0.5 percent in July, after a 0.8 percent increase seen in the previous month. It was the second consecutive month of gain.
In the January to July period, total industrial producer prices fell 0.8 percent compared to the same period last year.
The material has been provided by InstaForex Company – www.instaforex.com