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.

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