The rise was mainly driven by the depreciation of the forint against the euro. Domestic sales prices were up by 4%, while export sales prices climbed 11.5% compared to December 2023.
On a monthly basis, industrial producer prices rose by 0.3% from November, with domestic sales prices inching up by 0.1% and export prices increasing by 0.4%. Over the entire year, industrial producer prices rose by an average of 1% in 2024, as export sales prices rose by 2.4%, while domestic sales prices fell by 1.6%.
In December, domestic sales prices grew by 4.0% compared to the same month in 2023. Within this category, prices in the manufacturing sector—which accounts for 60% of the domestic market—rose by 5.6%. The energy sector, which holds a 38.6% share, saw prices increase slightly by 0.5%. Meanwhile, food industry prices were up by 4.5%.
By sector, prices for producers of energy and intermediate goods increased by 3.4% in domestic markets, while those manufacturing investment goods saw a 7.5% rise. Prices for consumer goods producers increased by 4%.
On the export side, prices surged by 11.5% year-on-year in December. The manufacturing sector, which makes up nearly 83% of exports, saw an 8.1% price increase, while the energy sector, with a 16.7% share, experienced a sharp 26.9% rise.
For the entire year of 2024, industrial producer prices rose by an average of 1.0% compared to 2023. However, domestic sales prices fell by 1.6%, as manufacturing sector prices rose by 1.1%, while energy sector prices dropped by 7.4%.
By sector, domestic prices for energy and intermediate goods producers declined by 3.4%, while investment goods manufacturers saw prices increase by 5.5%. Prices in the consumer goods sector also edged up by 0.7%.
On the export side, prices increased by 2.4% in 2024, with manufacturing sector prices rising by 3.4%. In contrast, prices in the smaller energy export sector declined by an average of 7.6%.
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