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Producer Prices Fall 0.7% M/M in December

HUNGARY
  • Hungary's producer prices fell 0.7% m/m in December versus -0.8% in November, according to the Central Statistical Office. Producer prices fell 7.2% y/y compared to -6.6% the month prior, marking the fifth consecutive month of negative price growth. Prices for domestic sales fell by 3.6% y/y, while export prices declined by 8.9%.
  • Prime Minister Orban told French weekly Le Point that member states that diverged from the EU on the issues of war, migration and gender, were blackmailed by "imperialist Brussels", according to MTI. In the interview published on Tuesday, Orban said Hungary maintained its stance that no military solution to the war in Ukraine was foreseeable and a ceasefire and peace talks were necessary.
  • Trade Balance and Manufacturing PMI figures are the last notable data releases this week. Both cross tomorrow morning.
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