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Industrial Producer Prices up 34.9% y.o.y. in December

Manufacturing

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Industrial producer prices in Hungary rose by 34.9% on average in December 2022 compared to one year earlier, according to data released by the Central Statistical Office (KSH).

Compared to December 2021, domestic output prices were 62.9% higher on average, within which they were up by 34.5% in manufacturing, representing a weight of 62%, and – owing to a drastic increase in world market prices and to amendments to the regulation of the administrative price – by 130% in the energy industry(electricity, gas, steam, and air conditioning supply), with a weight of 33%.

Prices in Hungary increased by 81.8% in energy and intermediate producer branches together, by 14.8% in capital goods producer, and by 39.5% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 20.7%, within which the price increase was 19.5% in manufacturing, representing a weight of 96%, and 42.9% in the energy industry, with a weight of 3.8%.

Industrial Producer Prices up 33.7% in 2022

In 2022, industrial producer prices as a whole were 33.7% higher than in 2021. Domestic output prices were up by 51.7% on average, within which manufacturing prices grew by 33.2% and energy industry prices by 99.2%.

Industrial domestic output prices rose by 69% in energy and intermediate producer branches, by 14.6% in capital goods producer, and by 28% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices increased by 24.5%, within which manufacturing prices were higher by 20%, and prices in energy industry, representing a small weight, by an average of 165%.

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