Published on: 6 January 2022

In November 2021, industrial producer prices increase by 21.6% compared to one year earlier and by 2.7% compared to previous month

Industrial producer prices were 21.6% higher on average in November 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. Domestic output prices rose by 31.2% and non-domestic output prices by 16.8%. Compared to the previous month, domestic output prices were up by 4.0% and non-domestic output prices by 2.0%, so industrial producer prices as a whole by 2.7%.

In November 2021 compared to November 2020:

Domestic output prices were 31.2% higher on average, within which the price rise was 22.3% in manufacturing, representing a weight of 63%, and 53.0% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.

Prices in Hungary increased by 43.8% in energy and intermediate producer branches together, by 7.9% in capital goods producer and by 8.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were up by 16.8%, within which the price rise was 11.1% in manufacturing, representing a weight of 95%, and – owing to an increase in world market prices, and a fall in raw materials prices in the base period – 206.1% in energy industry, with a weight of 4.5%.

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

Domestic output prices went up by 15.7%, non-domestic output prices by 11.2% and industrial producer prices as a whole by 12.8%.

Industrial price indices

(same period of previous year=100.0)

(%)

Year, month Domestic output Non-domestic output Producer price index, total
2020 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
August118.5112.4114.4
September120.1110.9114.0
October126.6114.3118.5
November131.2116.8121.6