Factory gate prices climb 2.2% in September

Figures

pexels.com

Industrial producer prices rose 2.2% year-on-year in September, the Central Statistical Office (KSH) said on Thursday. Prices for domestic sale climbed 2.3%, while export prices increased 2.1%.

Prices were impacted by changes to raw material and feedstock prices on global markets, as well as by higher wage costs, the KSH noted.

Within domestic prices, prices in manufacturing, representing a weight of 67%, rose by 3.1%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 28%, rose by 0.2% compared to a year earlier.

Of the end-use groups of the producer branches of industry, prices in Hungary rose by 0.6% in energy and intermediate producing, by 5.7% in capital goods producing, and by 5.8% in consumer goods producing branches.

Within export prices, prices increased by 3.0% in manufacturing (representing a weight of 96%), while – owing to annual price changes in the international electricity market – prices fell by 18% in the energy industry (with a weight of 4.1%).

For the period January-September, factory gate prices rose 2.2% compared to the first three quarters of 2018, as prices for domestic sale increased 4.3% and export prices were up 1.2%.

Industrial producer prices for October will published on December 2.

ADVERTISEMENT

Equilor analysts forecast 4.5% GDP growth for 2022 Analysis

Equilor analysts forecast 4.5% GDP growth for 2022

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New leasing and sales director at Horizon Development Appointments

New leasing and sales director at Horizon Development

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

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.