The rate of price increase was influenced primarily by the weakening of the forint against the euro, the statistical agency notes.

Domestic output prices were 5.2% higher year-on-year on average, within which the price rise was 5.1% in manufacturing, representing a weight of 63%, and 4.7% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.

Prices in Hungary went up by 5.6% in energy and intermediate producer branches together, by 4.4% in capital goods producer and by 2.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 9.5% higher, within which the price increase was 7.9% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices, a weakening of the forint, and a fall of raw materials prices in the base period – 42% in energy industry, with a weight of 4.5%.

Compared to January 2021, domestic output prices rose by 1.6% and non-domestic output prices by 1%, so producer prices as a whole increased by 1.2%.

Industrial producer prices up 7.3% y.o.y. in January-February

Compared to the first two months of 2020, domestic output prices went up by 4.1% in January-February 2021. Non-domestic output prices rose by 8.9% year-on-year, meaning that industrial producer prices as a whole were 7.3% higher.