Industrial producer prices lessen by 3.0% in March 2024 compared to a year earlier and remain practically unchanged (+0.1%) compared to previous month
Industrial producer prices were 3.0% lower on average in March 2024 compared to one year earlier. Domestic output prices dropped by 5.2% and non-domestic output prices by 1.9%. Compared to the previous month, domestic output prices were cut by 0.3% and non-domestic output prices went up by 0.3%, so industrial producer prices as a whole remained almost unchanged (+0.1%).
In March 2024 compared to March 2023:
Domestic output prices were 5.2% lower on average, within which they decreased by 1.3% in manufacturing, representing a weight of 60.0%, and by 13.3% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 38.6%. Food industry output prices lessened by 6.6%.
Prices in Hungary fell by 8.0% in energy and intermediate producer branches together, and rose by 5.1% in capital goods producer and lessened by 1.6% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were reduced by 1.9%, within which the prices were up by 2.3% in manufacturing, representing a weight of 82.9%, and were 28.9% lower in the energy industry, with a weight of 16.7%.
In January–March 2024 compared to January–March 2023:
Domestic output prices lessened by 6.2% and non-domestic output prices by 3.9%, so industrial producer prices as a whole decreased by 4.7%.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2023 March | 148.2 | 108.8 | 121.7 |
| April | 141.9 | 103.3 | 115.9 |
| May | 136.5 | 98.9 | 111.2 |
| June | 129.8 | 95.0 | 106.4 |
| July | 119.5 | 92.4 | 101.3 |
| August | 108.6 | 92.4 | 97.7 |
| September | 107.8 | 92.5 | 97.5 |
| October | 100.4 | 90.1 | 93.4 |
| November | 98.1 | 91.1 | 93.4 |
| December | 96.4 | 91.1 | 92.8 |
| 2024 January | 92.4 | 93.7 | 93.2 |
| February | 94.2 | 96.5 | 95.7 |
| March | 94.8 | 98.1 | 97.0 |