Published on: 30 June 2020

Industrial producer prices rise by 1.7%

Industrial producer prices as a whole were 1.7% higher in May 2020 than in the same period of the previous year. The development of prices was influenced by economic trends having changed owing to the corona virus epidemic, their impact was felt in money and commodity markets (among others in forint exchange rate changes and the world market prices of raw and base materials) as well.

In May 2020 compared to May 2019:

Domestic output prices were reduced by 2.6% on average, within which the prices of manufacturing, representing a weight of 63%, were 1.9% and the prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of 32%, 5.0% lower.

Prices in Hungary were cut by 6.9% in energy and intermediate producer branches and rose by 6.9% in capital goods producer and by 5.5% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 3.9% higher, within which prices increased by 5.4% in manufacturing, representing a weight of nearly 95%, and fell back by 23% in energy industry, with a weight of 4.9%.

In January–May 2020 compared to January–May 2019:

Domestic output prices went up by 1.0% and non-domestic output prices by 4.8%, so industrial producer prices as a whole were 3.5% higher.

Industrial price indices

(same period of previous year=100.0)


Year, month Domestic output Non-domestic output Producer price index, total
2019 May105.4101.4102.7
2020 January103.7103.8103.8