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).

Agricultural producer and input prices, 1st half 2022

Agricultural producer prices increased by 40% in the 1st half of 2022, both crop product prices and animal and animal product prices rising substantially (by 44% and 31%, respectively). The similarly drastic, 41% increase in input prices was primarily owing to a 45% price rise for the components of intermediate consumption. The price rise was connected with disturbance in supplies, a rise in energy prices and the unfavourable weather. The value of the agricultural terms of trade was 99.8%.

Procurement price of pigs and poultry breaks another record

Owing to the international demand and the rising production costs, the price of chickens for slaughter has continuously increased for two years. The price was 471 forints/kilogram in September 2022, which reached a rise of 53% over a year. Pigs for slaughter also represent a large proportion in the structure of consumption. Their price (733 forints/kilogram) – which was nearly double that in September last year – was already 35% higher even than the record level (of March 2020) before the Covid-19 pandemic because of the decreasing supply and the high production costs.

Agricultural product price rise further accelerates in September

Agricultural product prices rose by 61% in September 2022 compared to September of the previous year, within which crop product prices became 60% and animal and animal product prices 64% higher. Especially high price rises were measured for cereals (82%) and live animals (69%), only fruit prices were reduced somewhat (–0.9%).

Hungary, 2022 Q2

The economic performance of Hungary surpassed in the 1st semester of 2022 the one year earlier level by 7.3%. Consumer prices year-on-year increase in the first seven months was 10%, producer prices, characteristically, grew at a several times faster pace. Compared to the high base caused by the pandemic, the number of deaths decreased by 14%, the natural decrease of the population in January-June 2022 amounted to 27 thousand people, 26% fewer year-on-year.

Prices increase by 21.1% in October compared to same month of previous year, Consumer prices, October 2022

Consumer prices were 21.1% higher on average in October 2022 than a year earlier. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. In one month, consumer prices increased by 2.0% on average.

Building materials price hike breaks a record in September

Building materials prices rose sharply and mostly at an accelerating rate in each month from June 2021. As a result, building material products cost already 27% more in September than one year earlier. Prices increased in all areas of the building materials industry, with the highest price rises in the manufacture of builders’ ware of plastic, glass products as well as clay building materials.

Industrial producer prices up by 42.7% in September 2022 compared to one year earlier and by 1.8% compared to previous month, Industrial producer prices, September 2022

Industrial producer prices rose by 42.7% on average in September 2022 compared to one year earlier. Domestic output prices were 66.2% and non-domestic output prices 30.7% higher. The higher rate of increase in domestic output prices was owing to the larger proportion of the energy industry there, where a significant price rise occurred. In addition to the steep rise in energy prices, the rise in base material prices and the weakening of the forint also had a price-raising effect. Compared to the previous month, domestic output prices increased by 2.5%, non-domestic prices by 1.5% and industrial producer prices as a whole by 1.8%.

Statistical Yearbook of Hungary, 2021

The approximately 500 tables, graphs and maps and tens of thousands of data the Statistical Yearbook of Hungary contains give, for almost one and a half century, an overview of the social and economic processes of the country in the given year. Besides paying attention to the ever changing socio-economic environment and user demands we always strive to share new information: the health chapter broadened this year with indices regarding outpatient care, time series of healthcare expenses, life expectancy in good health and the number of Covid19 infected people.

The price hike of services further accelerated

The price of services increased in an accelerated manner since the 3rd quarter of 2021, in the 2nd quarter of 2022 they were already 9.6% more expensive year-on-year. Land transport services and transport services via pipelines (16%), - partly due to the market price hike of fuel – food and beverage serving services (16%), warehousing and support services for transportation (13%) and real estate services (11%) – in relation with the increase in rent fees - had the greatest impact on the 2nd quarter’s price changes.

Statistical Pocketbook of Hungary, 2021

2021 was the recovery year from the COVID-19 pandemic, the economy restarted, its performance –following the 2020 setback – surpassed the previous year’s by 7.1%. The pocketbook, published every spring, offers through its tables an insight into the 2021 developments of Hungary’s social, economic processes.