Industrial producer prices up 5.5% year-on-year in November
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.
Lithuania Industrial Output Returns to Contraction in March
Gov't Calls on Fuel Companies to Adjust Prices to Regional A...
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
