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.

Featured

Browse our latest data!

It is exceptionally important to us to provide more up-to-date information on the social and economic developments in our country, in addition to our regular and detailed publications.
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%.