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 price index
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: January 2021
Industrial producer price index
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: January 2021
Change in construction output price index
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: Q4 2020
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: 2020
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In January 2021, industrial producer prices rise by 6.6% compared to one year earlier and by 0.7% compared to previous month, Industrial producer prices, January 2021
Industrial producer prices as a whole were 6.6% higher in January 2021 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the euro. Domestic output prices were up by 3.0% and non-domestic output prices by 8.4%. Compared to the previous month, domestic output prices rose by 1.2% and non-domestic output prices by 0.4%, so producer prices as a whole increased by 0.7%.

Rise in consumer prices slows down in 2020
Inflation increased from 2016, which trend stopped in 2020, when consumer prices were 3.3% higher on average than a year earlier. The price of other goods, including motor fuels, was reduced, clothing and footwear prices were unchanged, and the price of the other main groups of expenditure went up at varying rates. The price rise of alcoholic beverages and tobacco, electricity, gas and other fuels as well as services was lower and that of food and consumer durables higher in 2020 than in 2019.

The prices increased by 2.7% in January compared to the same month of the previous year, Consumer prices, January 2021
Consumer prices were 2.7% higher on average in January 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as food. Consumer prices increased by 0.9% on average in one month.

Agricultural producer and input prices, quarters 1–3, 2020
Agricultural producer prices rose by 7.3% in quarters 1–3 of 2020 compared to the same period of the previous year. Within this, the price rise of crop products (9.0%) was considerably higher than that of live animals and animal products (4.6%). The keen demand and the poorer production raised fruits prices by 38%. Then again, pig prices have fallen since March 2020 because of the decrease in demand caused by the epidemic.

Price increases in services slowed in the 3rd quarter
Prices of the observed service activities went moderately up in the 3rd quarter of 2020, by 0.6% year-on-year. For the majority of services prices increased over one year: by the most (10%) for postal and courier activities. A relatively significant increase took place at security and investigation activities (8.4%) too, at the same time telecommunication prices further decreased.
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, January 2021 | 12/02/2021 | 09/03/2021 |
Industrial producer prices, January 2021 | 02/03/2021 | 31/03/2021 |