Industrial producer prices up 22.3% y.o.y. in January
Industrial producer prices were 22.3% higher on average in January 2022 than a year earlier, according to data by the Central Statistical Office (KSH).
Compared to January 2021, domestic output prices were 35.7% higher on average, within which the price rise was 23.8% in manufacturing, representing a weight of 62%, and 66.3% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.
Prices in Hungary increased by 49.7% in energy and intermediate producer branches together, by 8.3% in capital goods producer and by 13.2% 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 15.5%, within which the price rise was 10.2% in manufacturing, representing a weight of 96%, and – owing to an increase in world market prices – 185% in the energy industry, with a weight of 3.8%.
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.