Industrial Producer Prices up 42.7% y.o.y. in September
Image by Pixabay
Industrial producer prices rose by 42.7% on average in September 2022 compared to one year earlier, according to data released by the Central Statistical Office (KSH).
Compared to September 2021, domestic output prices were 66.2% higher on average, within which they rose by 39.5% in manufacturing, representing a weight of 62%, and by 137% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.
Prices in Hungary went up by 90% in energy and intermediate producer branches together, by 18.5% in capital goods producer, and by 35.9% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 30.7% higher, within which the price rise was 26.3% in manufacturing, representing a weight of 96%, and – owing to a drastic increase in world market prices – 168% in the energy industry, with a weight of 3.8%.
In January-September 2022 domestic output prices rose by 47.4%, non-domestic output prices by 24.6%, and industrial producer prices as a whole by 32.3% compared to the same period of 2021.
Richter Shareholders Approve HUF 423/Share Dividend
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
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.
