Industrial producer prices rise slightly, by 0.3%
Industrial producer prices as a whole were 0.3% higher in July 2019 than in the same period of the previous year. The development of prices was influenced by changes in basic material and world market prices and by wage growth. Domestic output prices increased by 2.8% on average, within which the prices of manufacturing, representing a weight of 67%, rose by 2.6% and the prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of 28%, by 2.5% compared to a year earlier. Non-domestic output prices were cut by 0.9% compared to July of the previous year.
In July 2019 compared to July 2018:
Industrial domestic output prices were up by 2.8%. Prices in Hungary increased by 1.8% in energy and intermediate producer branches, by 4.1% in capital goods producer and by 5.3% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices lessened by 0.9%, within which there was a price decrease of 0.4% in manufacturing, representing a weight of 96%, and – owing to annual price changes in the international electricity market – of 12% in energy industry, with a weight of 4.1%.
In January–July 2019 compared to January–July 2018:
Domestic output prices went up by 4.9% and non-domestic output prices by 1.2%, so industrial producer prices as a whole were 2.3% higher.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2018 July | 108.5 | 108.4 | 108.4 |
| August | 108.3 | 108.0 | 108.1 |
| September | 108.2 | 106.0 | 106.7 |
| October | 108.2 | 105.4 | 106.4 |
| November | 106.7 | 104.3 | 105.1 |
| December | 106.2 | 103.9 | 104.7 |
| 2019 January | 105.9 | 102.9 | 103.8 |
| February | 105.2 | 101.5 | 102.7 |
| March | 105.5 | 101.4 | 102.7 |
| April | 106.4 | 103.0 | 104.1 |
| May | 105.4 | 101.4 | 102.7 |
| June | 103.0 | 98.8 | 100.1 |
| July | 102.8 | 99.1 | 100.3 |