Industrial Producer Prices up 42.7% y.o.y. in September

Manufacturing

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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.

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