Industrial Producer Prices up 29% y.o.y. in February

Figures

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Industrial producer prices in Hungary rose by 29% on average in February 2023 compared to one year earlier, according to data released by the Central Statistical Office (KSH).

Compared to February 2022, domestic output prices increased by 56.4% on average, within which they were 27.6% higher in manufacturing, representing a weight of 65%, and – owing to a drastic increase in world market prices and to amendments to the regulation of the administrative price – 127% higher in the energy industry, with a weight of 30%.

Prices in Hungary rose by 73.3% in energy and intermediate producer branches together, by 13.7% in capital goods producer and by 34.1% 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 15.8%, within which the price increase was 17.9% in manufacturing, representing a weight of 90%, and 6.4% in the energy industry, with a weight of 9.8%.

In January-February 2023, domestic output prices were 58.6% and non-domestic output prices 18% higher compared to the same period of 2022, so industrial producer prices as a whole increased by 31.3%.

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