The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being much larger in the domestic than in the non-domestic output. In addition to the steep rise in energy prices, the rise in base material prices and the weakening of the forint also had a price-raising effect, according to KSH.

Compared to November 2021, domestic output prices were 63.7% higher on average, within which they rose by 35.6% in manufacturing, representing a weight of 62%, and – owing to a drastic increase in world market prices and to amendments to the regulation of the administrative price – by 131% in the energy industry (electricity, gas, steam, and air conditioning supply), with a weight of 33%.

Prices in Hungary went up by 82.9% in energy and intermediate producer branches together, by 16.2% in capital goods producer, and by 39.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 23.4% higher, within which the price rise was 21.6% in manufacturing, representing a weight of 96%, and 59% in the energy industry, with a weight of 3.8%.

In January-November 2022, domestic output prices rose by 50.7%, non-domestic output prices by 24.8%, and industrial producer prices as a whole by 33.6% compared to the same period of 2021.