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Industrial producer prices up 14.4% y.o.y. in August

Figures

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Industrial producer prices were 14.4% higher on average in August 2021 than a year earlier, according to data released by the Central Statistical Office (KSH).

 

Compared to August 2020, domestic output prices were 18.5% higher on average, within which the price rise was 15.1% in manufacturing, representing a weight of 63%, and 26.3% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.

Prices in Hungary went up by 24.8% in energy and intermediate producer branches together, by 6.2% in capital goods producer and by 5.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 12.4%, within which the price increase was 8% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices, a weakening of the forint, and a fall of raw materials prices in the base period – 140.9% in energy industry, with a weight of 4.5%.

In January-August 2021, domestic output prices increased by 11.9%, non-domestic output prices by 10.2% and industrial producer prices as a whole by 10.8% compared to the same period of 2020.

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