Industrial producer prices up 22.3% y.o.y. in January

Manufacturing

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%.

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