Industrial Producer Prices in Hungary up 41.7% y.o.y. in October

Manufacturing

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Industrial producer prices in Hungary rose by 41.7% on average in October 2022 compared to one year earlier, according to a report by the Central Statistical Office (KSH).

Compared to October 2021, domestic output prices were 67.7% higher on average, within which they rose by 37.3% in manufacturing, representing a weight of 62%, and – owing to a drastic increase in world market prices and changes to the official price regulation – by 145% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.

Prices in Hungary went up by 90% in energy and intermediate producer branches together, by 17.9% in capital goods producer, and by 38.7% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 28.4% higher, within which the price rise was 26.1% in manufacturing, representing a weight of 96%, and 83.3% in the energy industry, with a weight of 3.8%.

In January-October 2022, domestic output prices rose by 49.4%, non-domestic output prices by 25%, and industrial producer prices as a whole by 33.2% compared to the same period a year before.

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