Industrial Producer Prices Down 6.6% y.o.y. in November
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Industrial producer prices in Hungary were 6.6% lower on average in November 2023 compared to one year earlier, according to data published by the Central Statistical Office (KSH).
Domestic output prices were 1.9% lower on average, within which there was a decrease of 2.6% in manufacturing, representing a weight of 65%, and of 1.6% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 30%. Food industry output prices lessened by 2.3%.
Prices in Hungary were 3.8% lower in energy and intermediate producer branches together and increased by 3.1% in capital goods producer and by 2.1% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were reduced by 8.9%, within which the prices were 3.8% lower in manufacturing, representing a weight of 90%, and 46.2% lower in the energy industry, with a weight of 9.8%.
In January-November 2023, domestic output prices went up by 28% and non-domestic output prices were unchanged, so industrial producer prices as a whole were 9.2% higher.
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