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Industrial producer prices up 5.5% year-on-year in November

Figures

Industrial producer prices as a whole were 5.5% higher in November 2020 than a year earlier, according to data published by the Central Statistical Office (KSH).

The rate of increase was influenced primarily by the weakening of the forint against the euro, KSH says. 

Compared to November 2019, domestic output prices were 1.3% higher on average, within which prices rose by 1.2% in manufacturing, representing a weight of 63%, and by 0.7% in the energy industry with a weight of 32%.

Prices in Hungary were cut by 0.3% in energy and intermediate producer branches together and went up by 4.6% in capital goods producer and by 3.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 7.7% higher, within which the price rise was 7.5% in manufacturing, representing a weight of nearly 95%, and 6.9% in the energy industry, with a weight of 4.9%.

In the first 11 months of 2020, domestic output prices increased by 0.7% and non-domestic output prices by 5.7% year-on-year, so industrial producer prices as a whole were 4% higher than in January-November 2019.

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