Industrial producer prices increase by 37.0% in November 2022 compared to one year earlier and lessen by 0.8% compared to previous month
Industrial producer prices rose by 37.0% on average in November 2022 compared to one year earlier. Domestic output prices were 63.7% and non-domestic output prices 23.4% higher. The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being much larger in the domestic than in the non-domestic output. 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 went up by 1.6% and non-domestic output prices were cut by 2.0%, so industrial producer prices as a whole lessened by 0.8%.
In November 2022 compared to November 2021:
Domestic output prices were 63.7% higher on average, within which they rose by 35.6% in manufacturing, representing a weight of 62%, and – owing to a drastic increase in world market prices and to amendments to the regulation of the administrative price – by 131% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.
Prices in Hungary went up by 82.9% in energy and intermediate producer branches together, by 16.2% in capital goods producer and by 39.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 23.4% higher, within which the price rise was 21.6% in manufacturing, representing a weight of 96%, and 59.0% in the energy industry, with a weight of 3.8%.
In January–November 2022 compared to January–November 2021:
Domestic output prices rose by 50.7%, non-domestic output prices by 24.8% and industrial producer prices as a whole by 33.6%.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2021 November | 131.2 | 116.8 | 121.6 |
| December | 131.4 | 117.6 | 122.3 |
| 2022 January | 135.7 | 115.5 | 122.3 |
| February | 135.6 | 115.7 | 122.4 |
| March | 139.4 | 119.0 | 125.9 |
| April | 142.6 | 121.8 | 128.8 |
| May | 143.3 | 126.7 | 132.3 |
| June | 144.6 | 130.1 | 135.0 |
| July | 152.7 | 130.4 | 137.9 |
| August | 166.6 | 131.6 | 143.4 |
| September | 166.2 | 130.7 | 142.7 |
| October | 167.7 | 128.4 | 141.7 |
| November | 163.7 | 123.4 | 137.0 |