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Industrial Producer Prices Down 2.5% y.o.y. in September

Manufacturing

Industrial producer prices in Hungary were 2.5% lower on average in September 2023 compared to one year earlier, according to data published by the Central Statistical Office (KSH).

Domestic output prices increased by 7.8% year-on-year on average, within which the price rise was 2.3% in manufacturing, representing a weight of 65%, and – partly owing to amendments to the regulation of the administrative price – 15.4% in the energy industry, with a weight of 30%. Food industry output prices rose by 4.8%.

Prices in Hungary were up by 7.3% in energy and intermediate producer branches together, by 4.8% in capital goods producer and by 8.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were cut by 7.5%, within which the prices were 1.2% lower in manufacturing, representing a weight of 90%, and 58.8% lower in the energy industry, with a weight of 9.8%.

In January-September 2023, domestic output prices rose by 34.4% and non-domestic output prices by 2.1%, so industrial producer prices as a whole were 12.7% higher than in the same period of 2022.

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