Industrial producer prices increase by 34.9% in December 2022 compared to one year earlier and lessen by 0.1% compared to previous month and rise by 33.7% on average in 2022
Industrial producer prices rose by 34.9% on average in December 2022 compared to one year earlier. Domestic output prices were up by 62.9% and non-domestic output prices by 20.7%. 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 increase in base material prices and the weakening of the forint also had a price-raising effect. Compared to the previous month, domestic output prices rose by 1.2% and non-domestic output prices were cut by 0.8%, so industrial producer prices as a whole lessened by 0.1%. In 2022, domestic output prices were 51.7% and non-domestic output prices 24.5%, so industrial producer prices together 33.7% higher than in 2021.
In December 2022 compared to December 2021:
Domestic output prices were 62.9% higher on average, within which they were up by 34.5% 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 130% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 33%.
Prices in Hungary increased by 81.8% in energy and intermediate producer branches together, by 14.8% in capital goods producer and by 39.5% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices rose by 20.7%, within which the price increase was 19.5% in manufacturing, representing a weight of 96%, and 42.9% in the energy industry, with a weight of 3.8%.
In 2022 compared to previous year:
Industrial producer prices as a whole were 33.7% higher. Domestic output prices were up by 51.7% on average, within which manufacturing prices grew by 33.2% and energy industry prices by 99.2%.
Industrial domestic output prices rose by 69.0% in energy and intermediate producer branches, by 14.6% in capital goods producer and by 28.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices increased by 24.5%, within which manufacturing prices were higher by 20.0% and prices in energy industry, representing a small weight, by an average 165%.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2021 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 |
| December | 162.9 | 120.7 | 134.9 |