Industrial Producer Prices Up 35% y.o.y. in Jan 2023
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Industrial producer prices in Hungary were 35% higher on average in January 2023 than one year earlier, according to data released by the Central Statistical Office (KSH).
Compared to January 2022, domestic output prices were 64.7% higher on average, within which they were up by 31.1% in manufacturing, representing a weight of 65%, and – owing to a drastic increase in world market prices and to amendments to the regulation of the administrative price – by 152% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 30%.
Prices in Hungary were 85.5% higher in energy and intermediate producer branches together, 15.2% higher in capital goods producer and 36.8% higher in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices rose by 20.5%, within which the price increase was 21.2% in manufacturing, representing a weight of 90%, and 25.4% in the energy industry, with a weight of 9.8%.
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