ADVERTISEMENT

Industrial producer prices up 6.6% y.o.y. in January

Figures

Industrial producer prices as a whole were 6.6% higher in January 2021 than a year earlier, according to data published by the Central Statistical Office (KSH).

Compared to January 2020, domestic output prices were 3% higher on average, within which the price rise was 3.1% in manufacturing, representing a weight of 63%, and 1.7% in the energy industry, with a weight of 31%.

Prices in Hungary went up by 2.2% in energy and intermediate producer branches together, by 4.8% in capital goods producer and by 2.3% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 8.4% higher, within which the price increase was 7.7% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices and a weakening of the forint – 18% in the energy industry, with a weight of 4.5%.

Prices up 0.7% compared to December

Compared to December 2020, domestic output prices rose by 1.2% and non-domestic output prices by 0.4%, so producer prices as a whole increased by 0.7%, KSH notes.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.