Factory gate prices keep surging in April

Manufacturing

Industrial produce prices kept rising at breakneck speed in April. According to data by the Central Statistical Office (KSH), factory gate prices rose by 28.8% year-on-year in the fourth month of 2022.

Domestic output prices increased by 42.6% on average, within which prices grew by 31.5% in manufacturing, representing a weight of 62%, and by 71.3% in energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 33%.

Prices in Hungary rose by 56.3% in energy and intermediate producer branches together, by 12.8% in capital goods producer, and by 22.3% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were up by 21.8%, within which the price rise was 16.2% in manufacturing, representing a weight of 96%, and – owing to an increase in world market prices – 199% in energy industry, with a weight of 3.8%.

Compared to March 2022, domestic output became 3.9% and non-domestic output 2.5% more expensive, meaning industrial producer prices as a whole rose by 2.9% in a month.

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