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

Consumer prices increase by 3.4% on average compared to same month of previous year, Consumer prices, August 2024

Consumer prices were 3.4% higher on average in August 2024 than a year earlier and were unchanged on average compared to July.

The Weekly Monitor has been renewed

The HCSO Weekly Monitor is replaced by the HCSO Monitor starting 11 October 2023. The interactive collection of figures, available on the HCSO website, continues to inform about the latest domestic and international social and economic trends, at the same time figures of First Releases have been added to the subjects, as such the content of its categories changed to a certain extent.
The figures of the HCSO Monitor may be downloaded, as before, in image and data formats (PNG, SVG and CSV).
Feel free to browse the latest data of the HCSO!

Industrial producer prices rise by 2.5% in July 2024 compared to a year earlier and by 0.7% compared to previous month, Industrial producer prices, July 2024

Industrial producer prices were 2.5% higher on average in July 2024 than one year earlier. Domestic output prices were up by 1.4% and non-domestic output prices by 3.0%. Compared to the previous month, domestic output prices rose by 2.0% and non-domestic output prices were unchanged, so industrial producer prices as a whole increased by 0.7%.

Statistical Yearbook of Hungary, 2023

The yearbook provides an overview of Hungary's demographic, social and economic processes, environmental characteristics and their changes over time, with the help of tens of thousands of data of 500 tables, graphs and maps. Innovatively, the Tourism, catering chapter in the volume includes the gross receipts of tourist accommodation establishments by type of accommodation. Another change is that this year the Regional data chapter already presents territorial data by tourism area, giving greater emphasis to tourist destinations.

Hungary 1st quarter of 2024 – The economy grew once again

The volume of GDP surpassed the one year earlier level by 1.1% in the 1st quarter of 2024. Increased household consumption and an improving external trade balance resulted in this change for the better. Inflation decreased below 4%, real earnings went up. Construction and most service subsections’ performance grew on the production side, industry, at the same time, registered a setback. Employment rate – considering 1st quarters’ values – was the highest ever, unemployment rate, however, grew as well.

Hungary, 2023

Geopolitical tensions continued to overshadow economic developments in 2023, with the gross domestic product falling by 0.9%. Inflationary pressures gradually eased, but the 17.6% annual increase in consumer prices led to a decline in real earnings and consumption, and negatively affected investment decisions. Despite the economic difficulties, employment has reached a record high. In 2023, the number of deaths and births continued to fall, in addition to the decrease in the number of women of childbearing age.

Statistical Pocketbook of Hungary, 2023

The tables and graphs in the latest edition of the Statistical Pocketbook of Hungary provide a comprehensive insight into the evolution of social and economic trends in Hungary in 2023. Its international chapter allows for comparisons of major data primarily on member states of the European Union. The publication amasses, starting this year, commercial, private and other accommodation establishments in one unit.

Snapshots, 2023 - Prices

As a result of the restoration of energy and raw material prices in 2023 and the strengthening of the forint in the 1st half of the year, the imports of goods became cheaper. As an effect, the rate of increase in industrial producer prices lessened to 7.8% after the outstanding value in the previous year, while the producer price of agricultural products – due to the favourable yield of arable crops, too – was down by 16%. Inflation gradually slowed down month by month after the peak in January (25.7%), consumer prices increasing by 17.6% on an annual average.

Snapshots, 2023 – Consumer prices

Inflation, record high back in January, went down month by month in the course of 2023, so consumer prices rose by an annual average of 17.6%. The favourable trend was primarily due to food price rises slowing down – by means of a lessening rate of rise and then a decrease in agricultural and food industry output prices –, energy prices being normalised and the forint exchange rate strengthening, however, a fall in demand owing to the transformation of consumer habits and the impact of the high base also had a part.

Agricultural producer and input prices, quarters 1–3, 2023

Agricultural producer prices decreased by 7.3% in quarters 1–3 of 2023, within which the price of crop products lessened by 25% and that of animals and animal products was up by 21%. The 5.4% increase in input prices was influenced by the price rises for the components of intermediate consumption and for investments, too. The price level augmented by 4.6% in the case of the former and by 12% for the latter. The value of the agricultural terms of trade was 88%.