Published on: 28 February 2019

Industrial producer prices rise by 3.8%

Industrial producer prices as a whole were 3.8% higher in January 2019 than in the same period of the previous year. The rate of the price rise was influenced by wage growth, forint exchange rate changes and world petroleum market price trends. Domestic output prices increased by 5.9% on average, within which the prices of manufacturing, representing a weight of 67%, rose by 3.6% and the prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of 28%, by 11% compared to a year earlier. Industrial non-domestic output prices went up by 2.9% compared to January of the previous year.

In January 2019 compared to January 2018:

Industrial domestic output prices were up by 5.9%. Prices in Hungary increased by 7.2% in energy and intermediate producer branches, by 3.9% in capital goods producer and by 2.8% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 2.9%, within which a price increase of 2.2% occurred in manufacturing, representing a weight of 96%, and – owing to a significant price rise in the international electricity market – of 22% in energy industry, with a weight of 4.1%.

Industrial price indices

(same period of previous year=100.0)

(%)

Year, month Domestic output Non-domestic output Producer price index, total
2018 January103.5103.2103.3
February103.5104.0103.9
March103.3103.6103.5
April103.2102.5102.7
May105.4105.2105.3
June107.3107.6107.5
July108.5108.4108.4
August108.3108.0108.1
September108.2106.0106.7
October108.2105.4106.4
November106.7104.3105.1
December106.2103.9104.7
2019 January105.9102.9103.8