In January 2021, industrial producer prices rise by 6.6% compared to one year earlier and by 0.7% compared to previous month
Industrial producer prices as a whole were 6.6% higher in January 2021 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the euro. Domestic output prices were up by 3.0% and non-domestic output prices by 8.4%. Compared to the previous month, domestic output prices rose by 1.2% and non-domestic output prices by 0.4%, so producer prices as a whole increased by 0.7%.
In January 2021 compared to January 2020:
Domestic output prices were 3.0% higher on average, within which the price rise was 3.1% in manufacturing, representing a weight of 63%, and 1.7% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.
Prices in Hungary went up by 2.2% in energy and intermediate producer branches together, by 4.8% in capital goods producer and by 2.3% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 8.4% higher, within which the price increase was 7.7% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices and a weakening of the forint – 18% in energy industry, with a weight of 4.5%.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2020 January | 103.7 | 103.8 | 103.8 |
| February | 103.1 | 104.2 | 103.8 |
| March | 101.5 | 105.7 | 104.3 |
| April | 99.1 | 106.1 | 103.7 |
| May | 97.4 | 103.9 | 101.7 |
| June | 98.9 | 105.2 | 103.1 |
| July | 99.8 | 105.3 | 103.4 |
| August | 100.4 | 105.2 | 103.6 |
| September | 101.0 | 107.3 | 105.2 |
| October | 101.3 | 108.3 | 105.9 |
| November | 101.3 | 107.7 | 105.5 |
| December | 102.6 | 109.0 | 106.8 |
| 2021 January | 103.0 | 108.4 | 106.6 |