Domestic output prices in August 2024 were 1.2% higher than in August 2023. Within the manufacturing sector, which holds a 60% weight, prices rose by 2.7%, while prices in the energy sector (electricity, gas, steam, and air conditioning supply), with a 38.6% weight, fell by 2.2%. Notably, food industry output prices declined by 0.6%.
When examining the producer branches by end-use, prices rose 0.5% in the energy and intermediate producer branches, 4.8% in capital goods, and 1.2% in consumer goods.
Non-domestic output prices saw a 4.0% rise in August 2024 compared to the previous year. Manufacturing prices, representing 82.9% of the non-domestic output, grew by 2.5%, while prices in the energy sector, with a 16.7% weight, surged by 8.8%.
For the period of January to August 2024, domestic output prices fell by 3.1%, while non-domestic output prices remained mostly unchanged, rising just 0.1%. As a result, overall industrial producer prices were down 1% year-on-year.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
