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 data on the coronavirus pandemic

It is particularly important to present, in addition to our regular and detailed publications, the current situation of the areas most affected by the pandemic with flash estimates using a limited information base. Our WEEKLY MONITOR presents the economic and social impacts of the pandemic through daily, weekly and monthly updated preliminary data as a collection of interactive diagrams.

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.