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Industrial producer prices up 22.3% y.o.y. in Dec 2021

Manufacturing

In December 2021, industrial producer prices were 22.3% higher on average than a year earlier, according to data released by the Central Statistical Office (KSH).

Compared to December 2020, domestic output prices were 31.4% higher on average, within which the price rise was 21.5% in manufacturing, representing a weight of 63%, and 56% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 31%.

Prices in Hungary increased by 43.6% in energy and intermediate producer branches together, by 8.2% in capital goods producer and by 9.7% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were up by 17.6%, within which the price rise was 11.6% in manufacturing, representing a weight of 95%, and – owing to an increase in world market prices, and a fall in raw materials prices in the base period – 226% in the energy industry, with a weight of 4.5%.

Industrial producer prices up 13.5% y.o.y. in 2021

In 2021, industrial producer prices as a whole were 13.5% higher than a year before. Domestic output prices rose by 17% on average, within which manufacturing prices grew by 13.8% and energy industry prices by 24.6%.

Industrial domestic output prices were up by 23% in energy and intermediate producer branches, by 5.3% in capital goods producer and by 4.9% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices increased by 11.8%, within which manufacturing prices were 8.1%, and prices in the energy industry, representing a small weight, an average 119% higher.

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