Industrial producer prices up 35% y.o.y. in June

Manufacturing

Industrial producer prices went up by 35% on average in June 2022 compared to one year earlier, according to data published by the Central Statistical Office (KSH).

Domestic output prices increased by 44.6% on average, within it prices were higher by 36.3% in manufacturing, representing a weight of 62%, and by 67.1% in the energy industry, with a weight of 33%.

Prices in Hungary went up by 57.5% in energy and intermediate producer branches together, by 16.3% in capital goods producer, and by 26.3% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices grew by 30.1%, within it the price rise was 25% in manufacturing, representing a weight of 96%, and – owing to an increase in world market prices – 181% in energy industry, with a weight of 3.8%.

In January-June 2022, domestic output prices were up by 40.2% and non-domestic output prices by 21.4% compared to the same period of 2021, thus industrial producer prices increased as a whole by 27.8% year-on-year.

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