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Industrial Producer Prices up 21.7% y.o.y. in March

Figures

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Industrial producer prices in Hungary rose by 21.7% on average in March 2023 compared to one year earlier, according to data published by the Central Statistical Office (KSH).

Compared to March 2022, domestic output prices increased by 48.2% on average, within which the price rise was 21.2% in manufacturing, representing a weight of 65%, and – partly owing to amendments to the regulation of the administrative price – 113% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 30%.

Prices in Hungary rose by 61.7% in energy and intermediate producer branches together, by 12.1% in capital goods producer, and by 30.8% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices went up by 8.8%, within which prices were 12.4% higher in manufacturing, representing a weight of 90%, and 18.9% lower in the energy industry, with a weight of 9.8%.

However, compared to February 2023, domestic output prices decreased by 0.9% and non-domestic output prices by 1.3%, so industrial producer prices as a whole lessened by 1.2% in a single month.

In January-March 2023, domestic output prices were 55.1% and non-domestic output prices 14.9% higher than in the corresponding period of 2022, meaning that industrial producer prices as a whole increased by 28.1%.

 

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