According to KSH, domestic output prices increased by 3.2% and non-domestic output prices rose by 10.2%,

The increase was primarily attributed to the weakening of the forint against the euro and higher global energy market prices. Compared to October 2024, domestic output prices rose by 3%, non-domestic output prices by 4.9%, and overall industrial producer prices by 4.3%.

Year-on-Year Performance

In November 2024, domestic output prices increased by 3.2%. Within this, manufacturing prices—accounting for 60.0% of the domestic output—rose by 4.2%, while prices in the energy industry, representing 38.6%, increased by just 0.5%. Food industry prices also saw a 3.5% rise.

In terms of industrial branches, prices were up 2.3% in energy and intermediate goods production, 7.9% in capital goods production, and 3.3% in consumer goods production.

Non-domestic output prices grew by 10.2%, led by a 6.8% rise in manufacturing prices, which have the largest weight of 82.9%, and a significant 22.3% increase in energy industry prices, which account for 16.7% of non-domestic output.

Cumulative Performance in 2024

From January to November 2024, domestic output prices fell by 2.1%, while non-domestic output prices rose by 1.5%, leading to an overall 0.3% increase in industrial producer prices compared to the same period in 2023.