Industrial producer prices rise by 7.5%
Industrial producer prices as a whole were 7.5% higher in June 2018 than in the same period of the previous year. The price change was basically due to an 8% growth in minimum wages at the beginning of 2018, as well as to an oil price rise compared to the base period and to the weakening of the average exchange rate of the forint. Domestic output prices increased by 7.3% on average, within which the prices of manufacturing, representing a weight of six-tenths, rose by 7.7% and the prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, by 7.0% compared to a year earlier. Industrial non-domestic output prices went up by 7.6% compared to June of the previous year.
In June 2018 compared to June 2017:
Industrial domestic output prices rose by 7.3%. Prices in Hungary increased by 9.8% in energy and intermediate producer branches, by 4.7% in capital goods producer and by 1.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices rose by 7.6%, within which prices were up by 6.8% in manufacturing (representing a weight of 96.4%) and by 25% in energy industry (with a weight of 3.4%) because of branch-specific market effects.
In January–June 2018 compared to January–June 2017:
Domestic and non-domestic output prices equally increased by 4.4%, so industrial producer prices as a whole were 4.4% higher.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer, total |
|---|---|---|---|
| 2017 June | 103.2 | 100.8 | 101.5 |
| July | 102.2 | 100.8 | 101.2 |
| August | 104.1 | 101.6 | 102.4 |
| September | 104.8 | 103.7 | 104.1 |
| October | 104.5 | 104.4 | 104.5 |
| November | 104.8 | 104.4 | 104.5 |
| December | 103.6 | 104.0 | 103.9 |
| 2018 January | 103.5 | 103.2 | 103.3 |
| February | 103.5 | 104.0 | 103.9 |
| March | 103.3 | 103.6 | 103.5 |
| April | 103.2 | 102.5 | 102.7 |
| May | 105.4 | 105.2 | 105.3 |
| June | 107.3 | 107.6 | 107.5 |