Prices
The development of prices influences the quantity of production and consumption, and their structure as well. Price statistics typically observe the temporal change in the price of goods put on the market, though there are spatial price indices (e.g. purchasing power parity), too. The consumer price index quantifies changes in consumer prices, differently, producer price indices observe price changes from the point of view of producers. There are also cost-based price indices (e.g. of agriculture, labour force), which show the development of production costs over time. External trade price indices provide information on the price development of goods exports and imports.
Key figures
Change in consumer prices
Indicator description
Average change in the prices of goods and services purchased by households for own use, compared to the same period of the previous year. The consumer price index less 100 equals the change in consumer prices.
Source of data:
Summary Tables (STADAT)
Last data for period: May 2022
Change in industrial producer prices
Indicator description
Average change in the producer prices of products produced by industrial producers and of the related provided services, compared to the same period of the previous year. The prices are basic prices, not including turnover tax, consumption tax and excise duty.
Source of data:
Summary Tables (STADAT)
Last data for period: April 2022
Changes in construction producer prices
Indicator description
Average change in the prices of construction activities performed in construction, compared to the same period of the previous year.
Source of data:
Summary Tables (STADAT)
Last data for period: Q1 2022
Terms of external trade in goods
Indicator description
The price index of goods exports divided by the price index of goods imports, multiplied by one hundred. If the value of the indicator is larger than 100, then the terms of trade improved, i.e. more import goods could be purchased for a unit of export goods (or less exports than earlier on had to be provided for a unit of imports). They show the change compared to the same period of the previous year.
Source of data:
Summary Tables (STADAT)
Last data for period: 2021
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Our WEEKLY MONITOR provides insights into trends in key areas through weekly, monthly and quarterly data from our interactive chart collection.
Most WEEKLY MONITOR charts can also be downloaded in image and data formats (PNG, SVG and CSV).
Prices increase by 10.7% in May compared to same month of previous year, Consumer prices, May 2022
Consumer prices were 10.7% higher on average in May 2022 than a year earlier. The highest price rises over the last 12 months were measured for food and consumer durables. In one month, consumer prices increased by 1.7% on average.
Industrial producer prices up by 28.8% in April 2022 compared to one year earlier and by 2.9% compared to previous month, Industrial producer prices, April 2022
Industrial producer prices were 28.8% higher on average in April 2022 than a year earlier. Domestic output prices were up by 42.6% and non-domestic output prices by 21.8%. The rate of increase of prices was influenced principally by growths in base material and energy prices as well as in wages and by the weakening of the forint exchange rate. Compared to the previous month, domestic output became 3.9% and non-domestic output 2.5% more expensive, so industrial producer prices as a whole rose by 2.9%.
Agricultural producer and input prices, 2021
Agricultural producer prices rose by 19% in 2021, which was primarily owing to a 28% rise in crop product prices – within which rises of 39% and 40% in cereal and oil crop prices, respectively –, and was consistent with a keen international demand and a decrease in stocks. Input prices became 17% higher, and though the components of investments and intermediate consumption became more expensive, too, this was mostly the impact of increases in the price of fertilisers (58%) and of natural gas, which is their base material.
Rise in services prices decelerates further in 2021
Services prices rose moderately in 2021, they cost 1.8% more on average than a year earlier, the rate of increase decelerating for the second year. Charges went up in the majority of services, mainly in postal and courier activities and in catering. The reason for the former was basically another increase in charges for posting letters and parcels, and for the latter, apart from the growth of base material and transportation costs, compensation for the loss of revenues of catering units because of the pandemic.
Hungary, 2021 Q3
The performance of the Hungarian economy in the 1st – 3 rd quarters of 2021 surpassed the pandemic related low base of the previous year by 7.1%. Compared with the same period of 2020 consumer prices’ increase was 4.6% in the first ten months of the year, the majority of producer prices grew in an even more significant pace. Due to the growing death numbers, the January – September natural decrease of the population reached 42 thousand, surpassing the data of the previous year by 67%.
Related themes
- Industry
- Construction
- External trade and balance of payments
- Housing
- Agriculture
- Tourism, catering
- Culture
- International data
First releases |
Latest release | Next release |
---|---|---|
Consumer prices, May 2022 | 08/06/2022 | 08/07/2022 |
Industrial producer prices, April 2022 | 31/05/2022 | 30/06/2022 |
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