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Hungary's Output Prices Fall At Slower Pace In January

2/28/2013 3:13 AM ET

Hungary's producer prices decreased at a slower pace in January, but the rate of fall slightly exceeded economists' expectations, latest data showed.

The producer price index decreased 0.9 percent on an annual basis in January, after falling 1.8 percent in December. Economists had forecast a slower contraction of 0.8 percent.

Output prices in the mining and quarrying sector rose 1.5 percent year-on-year, while manufacturing prices decreased by 0.8 percent. Production of electricity, gas, steam and air conditioning supply was lower by 2.1 percent compared to a year earlier.

On a monthly basis, output prices increased at a faster rate of 1.4 percent in January than 0.5 percent in the previous month, data showed.

by RTT Staff Writer

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