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 prices
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: October 2023
Change in industrial producer prices
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: October 2023
Changes in construction producer prices
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: Q3 2023
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: 2022
Featured
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!
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 lessen by 6.6% in October 2023 compared to a year earlier and by 0.6% compared to previous month, Industrial producer prices, October 2023
Industrial producer prices were 6.6% lower on average in October 2023 compared to one year earlier. Domestic output prices rose by 0.4% and non-domestic output prices decreased by 9.9%. The large difference was primarily due to domestic output prices in the energy industry – producing goods basically for the domestic market, within which representing a large weight – being still higher than a year earlier, while non-domestic output prices there being already substantially lower. The development of industrial producer prices was influenced also by the annual strengthening of the forint against the euro. Compared to the previous month, both domestic output prices and non-domestic output prices lessened by 0.6%, so industrial producer prices as a whole were down by 0.6%, too.
Statistical Yearbook of Hungary, 2022
Tens of thousands of data of the approximately 500 tables, graphs and maps offer an overview of Hungary’s demographic, social and economic processes, its environmental specifics and their timely changes. Unemployment in the 15–74 age group decreased year-on-year, being 3.6% in 2022. We amass this year commercial, private and other accommodation establishments in one unit, a novelty approach of our publication, providing a better picture about tourist traffic. Tourism nights at accommodation establishments were 39 million 821 thousand in 2022.
Consumer prices increase by 9.9% on average compared to same month of previous year and motor fuel and food prices go down compared to September, Consumer prices, October 2023
Consumer prices were 9.9% higher on average in October 2023 than a year earlier and decreased by 0.1% on average compared to September, within which motor fuels became 3.8% and food 0.1% cheaper.
Hungary, 1st semester of 2023 – disinflation started
The GDP volume lagged behind the same period of the previous year’s level by 1.7% in the 1st semester of 2023. Final consumption and gross accumulation both contributed to this trend, while the balance of the external trade significantly improved. Following the January inflation peak the growth rate of consumer prices lessened, consequently the decrease of real wages was more subdued, too. At the same time the setback in external trade turnover, typical for most EU countries, gradually slowed down during the 2nd quarter.
Agricultural producer and input prices, 1st half 2023
Agricultural producer prices rose by 6.9% in the 1st half of 2023, within which the price of crop products diminished by 3.0% and that of animals and animal products increased by 32%. The 16% increase in input prices was influenced about to the same extent by the price rises for the components of intermediate consumption and for investments. The price level went up by 16% in the case of the former and by 15% for the latter. The value of the agricultural terms of trade was 92.2%.
Hungary, 2022
The processes taken place in 2022 were mainly determined by the uncertain global environment due to the Russia-Ukraine war and the general and considerable price increases worldwide. Despite these challenges, the Hungarian economy's performance expanded by 4.6% year-on-year, above the EU average. Employment reached a new record high and average earnings rose significantly, but the impact of this was gradually eroded by surging inflation. Population decline continued at a lower pace than in the previous year.
Statistical Pocketbook of Hungary, 2022
Despite the adverse economic effects, GDP volume in 2022 was 4.6% higher than a year earlier, while the employment rate expanded to 74.4%. Fewer deaths followed the end of the pandemic, but the birth rate also fell compared to 2021. In addition to the above data, the tables and graphs in the latest edition of the Statistical Pocketbook of Hungary, published every spring, provide a comprehensive insight into the evolution of social and economic trends in Hungary in 2022.
Related themes
- Agriculture
- Construction
- Culture, sports
- External trade and balance of payments
- Housing
- Industry
- International data
- Tourism, catering
Methodological information
First releases |
Latest release | Next release |
---|---|---|
Consumer prices, October 2023 | 10/11/2023 | 08/12/2023 |
Industrial producer prices, October 2023 | 30/11/2023 | – |
Release and revision calendarPublication repertory