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Industrial producer prices up 25.9% y.o.y. in March

Manufacturing

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Industrial producer prices were 25.9% higher on average in March 2022 than a year earlier, according to data published by the Central Statistical Office (KSH).

Compared to March 2021, domestic output prices rose by 39.4% on average, within which the price rise was 27.3% in manufacturing, representing a weight of 62%, and 70.9% in energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 33%.

Prices in Hungary increased by 53.4% in energy and intermediate producer branches together, by 10.5% in capital goods producer and by 18.1% 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 19%, within which the price rise was 12.9% in manufacturing, representing a weight of 96%, and – owing to an increase in world market prices – 234% in energy industry, with a weight of 3.8%.

In January-March 2022, domestic output prices grew by 36.9% and non-domestic output prices went up by 16.7% compared to the same period of 2021,  meaning that industrial producer prices as a whole 23.6% higher.

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