Published on: 2 September 2021

In July 2021, industrial producer prices up by 14.8% compared to one year earlier and by 3.5% compared to previous month

Industrial producer prices were 14.8% higher on average in July 2021 than a year earlier. The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels and by the change of the forint exchange rate against the euro. Domestic output prices were up by 18.3% and non-domestic output prices by 13.0%. Compared to the previous month, domestic output prices rose by 3.3% and non-domestic output prices by 3.6%, so industrial producer prices as a whole increased by 3.5%.

In July 2021 compared to July 2020:

Domestic output prices were 18.3% higher on average, within which the price rise was 14.9% in manufacturing, representing a weight of 63%, and 26.1% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.

Prices in Hungary went up by 24.5% in energy and intermediate producer branches together, by 6.4% in capital goods producer and by 5.1% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 13.0%, within which the price increase was 9.2% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices, a weakening of the forint, and a fall of raw materials prices in the base period – 117.4% in energy industry, with a weight of 4.5%.

In January–July 2021 compared to January–July 2020:

Domestic output prices increased by 10.9%, non-domestic output prices by 9.9% and industrial producer prices as a whole by 10.3%.

Industrial price indices

(same period of previous year=100.0)

(%)

Year, month Domestic output Non-domestic output Producer price index, total
2020 July99.8105.3103.4
August100.4105.2103.6
September101.0107.3105.2
October101.3108.3105.9
November101.3107.7105.5
December102.6109.0106.8
2021 January103.0108.4106.6
February105.2109.5108.1
March108.4110.2109.6
April111.8108.8109.8
May114.4109.6111.3
June115.4109.7111.6
July118.3113.0114.8