Industrial producer prices rise by 3.8%
Industrial producer prices as a whole were 3.8% higher in January 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. Domestic output prices increased by 3.7% on average, within which the prices of manufacturing, representing a weight of 63%, rose by 5.9% and those of energy industry (electricity, gas, steam and air conditioning supply), with a weight of 32%, decreased by 0.6% compared to a year earlier. Non-domestic output prices went up by 3.8% compared to January of the previous year.
In January 2020 compared to January 2019:
Industrial domestic output prices were up by 3.7%. Prices in Hungary rose by 2.2% in energy and intermediate producer branches, by 6.8% in capital goods producer and by 7.1% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 3.8% higher, within which prices increased by 4.6% in manufacturing, representing a weight of nearly 95%, and – owing to annual price changes in the international electricity market – were cut by 14% in energy industry, with a weight of 4.9%.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2019 January | 105.9 | 102.9 | 103.8 |
| February | 105.2 | 101.5 | 102.7 |
| March | 105.5 | 101.4 | 102.7 |
| April | 106.4 | 103.0 | 104.1 |
| May | 105.4 | 101.4 | 102.7 |
| June | 103.0 | 98.8 | 100.1 |
| July | 102.8 | 99.1 | 100.3 |
| August | 102.4 | 100.2 | 100.9 |
| September | 102.3 | 102.1 | 102.2 |
| October | 101.7 | 101.4 | 101.5 |
| November | 102.5 | 101.9 | 102.1 |
| December | 103.3 | 101.9 | 102.4 |
| 2020 January | 103.7 | 103.8 | 103.8 |