Industrial producer prices rise by 2.4% in December and by 2.1% in 2019 on average
Industrial producer prices as a whole were 2.4% higher in December 2019 than in the same period of the previous year. Domestic output prices increased by 3.3% on average, within which the prices of manufacturing, representing a weight of 67%, rose by 4.8% and those of energy industry (electricity, gas, steam and air conditioning supply), with a weight of 28%, by 0.3% compared to a year earlier. Non-domestic output prices went up by 1.9% compared to December 2018. In 2019 as a whole, industrial producer prices were 2.1% higher than in 2018. The rate of the price rise over the year was influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials.
In December 2019 compared to December 2018:
Industrial domestic output prices were up by 3.3%. Prices in Hungary rose by 1.8% in energy and intermediate producer branches, by 5.6% in capital goods producer and by 6.9% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 1.9% higher, within which prices increased by 2.8% in manufacturing, representing a weight of 96%, and – owing to annual price changes in the international electricity market – were cut by 17% in energy industry, with a weight of 4.1%.
In 2019 compared to the previous year:
Industrial producer prices as a whole were 2.1% higher. Domestic output prices rose by 3.9% on average, within which manufacturing prices by 3.7% and energy industry prices by 3.9%.
Industrial domestic output prices increased by 3.3% in energy and intermediate producer branches out of the end-use groups of the producer branches of industry. A price increase of 4.8% was recorded in capital goods producer and of 5.1% in consumer goods producer branches.
Industrial non-domestic output prices were up by 1.3%, within which manufacturing prices were 1.7% higher and prices in energy industry, representing small weight, 7.3% lower than in 2018.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2018 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 |
| August | 102.4 | 100.2 | 100.9 |
| September | 102.3 | 102.1 | 102.2 |
| October | 101.7 | 101.4 | 101.5 |
| November | 102.5 | 101.9 | 102.1 |
| December | 103.3 | 101.9 | 102.4 |