Industrial producer prices up 21.6% y.o.y. in November

Manufacturing

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Industrial producer prices were 21.6% higher on average in November 2021 than a year earlier, with the price rise of raw and base materials, as well as motor fuels markedly affecting the rate of increase, according to data by the Central Statistical Office (KSH).

Domestic output prices were 31.2% higher on average than in November 2020, within which the price rise was 22.3% in manufacturing, representing a weight of 63%, and 53% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 31%.

Prices in Hungary increased by 43.8% in energy and intermediate producer branches together, by 7.9% in capital goods producer and by 8.2% 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 16.8%, within which the price rise was 11.1% 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 – 206.1% in the energy industry, with a weight of 4.5%.

In January-November 2021, domestic output prices went up by 15.7% compared to the same period of the previous year, while non-domestic output prices rose by 11.2% and industrial producer prices as a whole increased by 12.8%.

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