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European Economic News

Hungary's Producer Price Inflation Slows In April

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Producer price inflation in Hungary's industrial sector eased more than expected in April, the latest figures from the Hungarian Central Statistical Office showed Friday.

The producer price index rose 0.7 percent year-on-year in April, slower than 2.2 percent increase in the previous month. Economists expected the rate of inflation to slow to 2.1 percent.

Prices rose 1.1 percent in manufacturing from a year earlier, while mining and quarrying industry recorded a 2.9 percent increase.

The overall producer price index decreased 1.2 percent between March and April, the statistical office said.

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