FX.co ★ Hungary's Producer Price Index Surges to 2.7% in June 2024, Rebounding from -0.2% in May

Hungary's Producer Price Index (PPI) saw a significant increase in June 2024, climbing to 2.7% from the previous month's -0.2%, as per the latest data updated on July 31, 2024. This sharp rise marks a notable recovery in the country's industrial sector after a period of contraction.

The PPI measures the average change over time in the selling prices received by domestic producers for their output and is a key indicator of economic health. In May 2024, the PPI had posted a year-over-year decline of 0.2%, suggesting deflationary pressures within the economy. However, the new June 2024 figure indicates a strong turnaround, year-over-year, implying increased producer profitability and possible future consumer price inflation.

Analysts are closely monitoring these changes, as the rebound in June could reflect underlying shifts in demand, supply chain dynamics, or other economic policies impacting the production landscape. This development is a focal point for stakeholders looking to gauge the economic trajectory of Hungary in the coming months.