Industrial producer prices up 32.3% y.o.y. in May

Manufacturing

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Industrial producer prices were 32.3% higher on average in May 2022 compared to one year earlier, according to data published by the Central Statistical Office (KSH).

Compared to May 2021, domestic output prices were higher by 43.3% on average, within it prices grew by 34.4% in manufacturing, representing a weight of 62%, and by 66.8% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.

Prices in Hungary rose by 55.6% in energy and intermediate producer branches together, by 16.5% in capital goods producer, and by 24.9% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices went up by 26.7%, within it the price rise was 21% in manufacturing, representing a weight of 96%, and – owing to an increase in world market prices – 202% in the energy industry, with a weight of 3.8%.

January-May industrial producer price increase reaches 26.4%

In January-May 2022, domestic output prices were up by 39.3% year-on-year and non-domestic output prices by 19.7%, thus industrial producer prices increased as a whole by 26.4%.

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