PPI up 6.8% y.o.y. in December 2020

Figures

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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.

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