First release

Published on: 28 October 2022

Industrial producer prices up by 42.7% in September 2022 compared to one year earlier and by 1.8% compared to previous month

Industrial producer prices rose by 42.7% on average in September 2022 compared to one year earlier. Domestic output prices were 66.2% and non-domestic output prices 30.7% higher. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry there, where a significant price rise occurred. In addition to the steep rise in energy prices, the rise in base material prices and the weakening of the forint also had a price-raising effect. Compared to the previous month, domestic output prices increased by 2.5%, non-domestic prices by 1.5% and industrial producer prices as a whole by 1.8%.

In September 2022 compared to September 2021:

Domestic output prices were 66.2% higher on average, within which they rose by 39.5% in manufacturing, representing a weight of 62%, and by 137% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.

Prices in Hungary went up by 90.0% in energy and intermediate producer branches together, by 18.5% in capital goods producer and by 35.9% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 30.7% higher, within which the price rise was 26.3% in manufacturing, representing a weight of 96%, and – owing to a drastic increase in world market prices – 168% in the energy industry, with a weight of 3.8%.

In January–September 2022 compared to January–September 2021:

Domestic output prices rose by 47.4%, non-domestic output prices by 24.6% and industrial producer prices as a whole by 32.3%.

Next: Industrial producer prices, October 2022 – published on: 30 November 2022

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