ADVERTISEMENT

Industrial Producer Prices up 1.3% y.o.y. in July

Manufacturing

Image by Pixabay

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.

Heavy Rains Expected This Week to Ease Drought Weather

Heavy Rains Expected This Week to Ease Drought

Hungary Treats Smooth EU Transition as Priority, Says Bóka EU

Hungary Treats Smooth EU Transition as Priority, Says Bóka

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.