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.

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Industrial producer prices rise by 3.8%, Industrial producer prices, February 2020

Industrial producer prices as a whole were 3.8% higher in February 2020 than in the same period of the previous year. The rate of the price rise was influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials.

Agricultural producer and input prices, 2019

Agricultural producer prices were up by 5.4% in 2019 compared to the previous year. The price rise of live animals and animal products (7.7%) was more substantial than that of crop products (4.1%). Cereals prices were unchanged, the price of potatoes, vegetables and fruits rose significantly. The price of live animals increased by a tenth, within which pig prices by 22%. Input prices went up less than producer prices (by 3.5%), the value of the agricultural terms of trade was 101.8%.

Procurement price of pigs for slaughter rises significantly

The rise in the average procurement price of pigs for slaughter, as observed for 2019, went on in January 2020. As a consequence of a significant growth of the demand, the average procurement price was 44% higher than a year earlier, which was in line with the global trend. Chickens for slaughter, also with a substantial share of production, became slightly, 0.8% more expensive.

Prices increased by 4.4% in February, Consumer prices, February 2020

Consumer prices were 4.4% higher on average in February 2020 than a year earlier. Significant price rises were measured over the past year for motor fuels, alcoholic beverages and tobacco as well as food.

Dissemination of European Statistics after Brexit in statistical publications

On 1 February 2020, a withdrawal agreement entered into force between the European Union and the United Kingdom (Brexit). Reducing the EU to 27 member states significantly changes aggregated (average, total, etc.) EU data. However, due to the different purposes of use, consideration should be given to the simultaneous communication of old and new aggregates, and the back-calculation of time series for the new composition is also an issue to be addressed. Taking all this into account, it is necessary to restructure the publication of EU statistics.