The June increase represents an acceleration from year-on-year rises of 2.7% in April and 5.3% in May, and is the fastest recorded in years, according to state news agency MTI.

In June 2018 compared to June 2017, domestic output prices rose by 7.3% on average, within which prices in manufacturing, representing a weight of six-tenths of the total, rose by 7.7%, while prices in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, were up by 7.0% compared to a year earlier.

Of the end-use groups of the producing branches of industry, prices in Hungary increased by 9.8% in energy and intermediate producing branches, by 4.7% in capital goods producing, and by 1.4% in consumer goods producing branches, KSH data show.

Industrial export output prices rose by 7.6% compared to June 2017, within which prices were up by 6.8% in manufacturing (representing a weight of 96.4%), and by 25% in energy (with a weight of 3.4%) due to branch-specific market effects. 

Within the vehicle manufacturing segment, a key area for Hungary, producer prices were up 9.1% year-on-year.  

In January–June 2018, compared to the first half of 2017, domestic and export output prices alike increased by 4.4%, so that industrial producer prices as a whole were 4.4% higher year-on-year.

Industrial producer prices for July 2018 will be published by the KSH on August 31.