Industrial Producer Prices up 1.3% y.o.y. in July
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Industrial producer prices in Hungary were 1.3% higher on average in July 2023 compared to one year earlier.
Domestic output prices increased by 19.5% on average, within which the price rise was 3.2% in manufacturing, representing a weight of 65%, and – partly owing to amendments to the regulation of the administrative price – 52% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 30%. Food industry output prices were up by 13.5%.
Prices in Hungary rose by 22.9% in energy and intermediate producer branches together, by 5.9% in capital goods producer, and by 14.5% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices lessened by 7.6%, within which the prices were 2.1% lower in manufacturing, representing a weight of 90%, and 51.0% lower in the energy industry, with a weight of 9.8%.
In January-July 2023, domestic output prices went up by 41.9% and non-domestic output prices by 4.9% compared to the same period last year, so industrial producer prices as a whole were 17% higher.
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