ADVERTISEMENT

Industrial Producer Prices Down 6.6% y.o.y. in October

Manufacturing

Image by Pixabay

Industrial producer prices in Hungary were 6.6% lower on average in October 2023 compared to a year earlier, according to data published by the Central Statistical Office (KSH).

Compared to October 2022 domestic output prices went up by 0.4% on average, within which they decreased by 0.7% in manufacturing, representing a weight of 65%, and there was a rise of 0.4% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 30%. Food industry output prices were practically unchanged (+0.1%).

Prices in Hungary were 1.5% lower in energy and intermediate producer branches together and increased by 3.5% in capital goods producer and by 4.1% 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 9.9%, within which the prices were 4.5% lower in manufacturing, representing a weight of 90%, and 51.3% lower in the energy industry, with a weight of 9.8%.

In January-October 2023, domestic output prices rose by 31% and non-domestic output prices by 0.9%, so industrial producer prices as a whole were 10.8% higher compared to the same period last year.

Hungary Crude Supply Secured With 'Temporary Solutions' Energy Trade

Hungary Crude Supply Secured With 'Temporary Solutions'

Hungary to Host Next EPC Summit Int’l Relations

Hungary to Host Next EPC Summit

New Tenants at Academia Offices Office Market

New Tenants at Academia Offices

Visitor Numbers, Guest Nights Climb in H1 Tourism

Visitor Numbers, Guest Nights Climb in H1

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.