Industrial producer prices decrease by 7.2% in December 2023 compared to a year earlier and by 0.7% compared to previous month and rise by 7.8% on average in 2023
Industrial producer prices were 7.2% lower on average in December 2023 compared to one year earlier. Domestic output prices were cut by 3.6% and non-domestic output prices by 8.9%. Compared to the previous month, domestic output prices lessened by 0.6% and non-domestic output prices by 0.8%, so industrial producer prices as a whole were down, too, by 0.7%. In 2023, domestic output prices rose by 25.4% and non-domestic output prices decreased by 0.7%, so industrial producer prices together were 7.8% higher than in 2022.
In December 2023 compared to December 2022:
Domestic output prices were 3.6% lower on average, within which there was a decrease of 3.1% in manufacturing, representing a weight of 65%, and of 5.6% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 30%. Food industry output prices lessened by 3.6%.
Prices in Hungary were 6.2% lower in energy and intermediate producer branches together, and increased by 4.4% in capital goods producer and by 1.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were reduced by 8.9%, within which the prices were 3.2% lower in manufacturing, representing a weight of 90%, and 50.6% lower in the energy industry, with a weight of 9.8%.
In 2023 compared to previous year:
Industrial producer prices as a whole were 7.8% higher. Domestic output prices were up by 25.4% on average, within which manufacturing prices grew by 9.2% and energy industry prices by 62.7%.
Industrial domestic output prices rose by 31.7% in energy and intermediate producer branches, by 7.5% in capital goods producer and by 17.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices decreased by 0.7%, within which manufacturing prices were 3.8% higher and prices in energy industry, representing a small weight, an average 33.2% lower.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2022 December | 162.9 | 120.7 | 134.9 |
| 2023 January | 160.8 | 120.2 | 133.5 |
| February | 156.4 | 115.8 | 129.0 |
| March | 148.2 | 108.8 | 121.7 |
| April | 141.9 | 103.3 | 115.9 |
| May | 136.5 | 98.9 | 111.2 |
| June | 129.8 | 95.0 | 106.4 |
| July | 119.5 | 92.4 | 101.3 |
| August | 108.6 | 92.4 | 97.7 |
| September | 107.8 | 92.5 | 97.5 |
| October | 100.4 | 90.1 | 93.4 |
| November | 98.1 | 91.1 | 93.4 |
| December | 96.4 | 91.1 | 92.8 |