Industrial producer prices up 18.5% y.o.y. in October
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Industrial producer prices in Hungary were 18.5% higher on average in October 2021 than a year earlier, according to data by the Central Statistical Office (KSH).
The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels, KSH notes.
Compared to October 2020, domestic output prices were 26.6% higher on average, within which the price rise was 19.9% in manufacturing, representing a weight of 63%, and 42.9% in energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 31%.
Prices in Hungary were up by 37.4% in energy and intermediate producer branches together, by 5.8% in capital goods producer and by 7.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices increased by 14.3%, within which the price increase was 8.5% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices, and a fall of raw materials prices in the base period – 212.2% in energy industry, with a weight of 4.5%.
In the first 10 months of 2021, domestic output prices rose by 14.2%, non-domestic output prices by 10.7% and industrial producer prices as a whole by 11.9% compared to the same period of 2020.
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