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.

ADVERTISEMENT

Bourse Turnover Reaches HUF 230 bln in February Figures

Bourse Turnover Reaches HUF 230 bln in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Money Motion 2024: The Future of FinTech Unfolds in Zagreb Fintech

Money Motion 2024: The Future of FinTech Unfolds in Zagreb

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.