Published on: 28 April 2017

Industrial producer prices rise by 4.2%

Industrial producer prices rose by 4.2% on average in March 2017 compared to the same period of the previous year. Domestic output prices on average were 6.7%, within which manufacturing prices, representing a weight of two-thirds, 9.5% higher as an impact of changes in the world market price of petroleum. The domestic output prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of nearly one-third, were 0.7% higher than a year earlier. Industrial non-domestic output prices went up by 3.0% compared to March of the previous year.

In March 2017 compared to March 2016:

Industrial domestic output prices increased by 6.7%. Prices in Hungary rose by 7.8% – because of increases in the world market prices of the extraction and refining of petroleum – in energy and intermediate producer branches, by 2.0% in capital goods producer and by 4.6% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were up by 3.0%. Within this, manufacturing prices (representing a weight of 95.1%) rose by 2.7% and the prices of energy industry (having a weight of 4.6%) by 7.5%, also due to changes in the world market price of petroleum.

In January–March 2017 compared to January–March 2016:

Domestic output prices increased by 6.0% and non-domestic output prices by 2.3%, so industrial producer prices as a whole were 3.5% higher.

Industrial price indices

(same period of previous year=100.0%)

(%)

Year, month Domestic output Non-domestic output Producer, total
2016 March94.9100.198.4
April95.3100.298.6
May95.299.297.8
June96.098.197.4
July96.598.397.7
August96.797.497.2
September97.297.597.4
October98.898.798.8
November99.699.599.5
December101.2100.2100.5
2017 January104.3101.2102.2
February107.0102.6104.0
March106.7103.0104.2