PPI up 6.8% y.o.y. in December 2020
Photo by Oscar Sweep / Shutterstock.com
Industrial producer prices as a whole were 6.8% higher in December 2020 than a year earlier, with the weakening of the forint against the euro having a significant influence on the rate of increase, according to data released by the Central Statistical Office (KSH).
In December 2020, domestic output prices were 2.6% higher than in the same month of 2019. Prices rose by 2.7% in manufacturing, representing a weight of 63%, and by 2% in the energy industry, with a weight of 32%.
Prices in Hungary went up by 1.6% in energy and intermediate producer branches together, by 5.9% in capital goods producer and by 2.7% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 9% higher, within which the price rise was 8.3% in manufacturing, representing a weight of nearly 95%, and 18% in the energy industry, with a weight of 4.9%, compared to December of the previous year.
PPI climbs 4.2% y.o.y. in 2020
Industrial producer prices as a whole were 4.2% higher in 2020 than in 2019. Domestic output prices rose by 0.9% on average, within which manufacturing prices were up by 2% and energy industry prices were cut by 1.9%.
Industrial domestic output prices fell by 1.6% in energy and intermediate producer branches and increased by 6.4% in capital goods producer and by 5.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices rose by 6%, within which manufacturing prices were 6.6% higher and prices in the energy industry, representing a small weight, an average 7.4% lower.
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.