Industrial producer prices rise by 6.8% in December 2020 and by 4.2% in 2020 on average compared to one year earlier
Industrial producer prices as a whole were 6.8% higher in December 2020 than a year earlier. The rate of increase of prices was influenced primarily by the weakening of the forint against the euro. Domestic output prices were up by 2.6% and non-domestic output prices by 9.0%. Compared to the previous month, domestic output prices rose by 1.5% and non-domestic output prices by 0.8%, so producer prices as a whole went up by 1.0%. In 2020, industrial producer prices were 4.2% higher than in 2019.
In December 2020 compared to December 2019:
Domestic output prices were 2.6% higher on average, within which prices rose by 2.7% in manufacturing, representing a weight of 63%, and by 2.0% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 32%.
Prices in Hungary went up by 1.6% in energy and intermediate producer branches together, by 5.9% in capital goods producer and by 2.7% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 9.0% higher, within which the price rise was 8.3% in manufacturing, representing a weight of nearly 95%, and 18% in energy industry, with a weight of 4.9%, compared to December of the previous year.
In 2020 compared to previous year:
Industrial producer prices as a whole were 4.2% higher. Domestic output prices rose by 0.9% on average, within which manufacturing prices were up by 2.0% and energy industry prices were cut by 1.9%.
Industrial domestic output prices diminished by 1.6% in energy and intermediate producer branches and increased by 6.4% in capital goods producer and by 5.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices rose by 6.0%, within which manufacturing prices were 6.6% higher and prices in energy industry, representing a small weight, an average 7.4% lower.
Industrial price indices
(same period of previous year=100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2019 December | 103.3 | 101.9 | 102.4 |
| 2020 January | 103.7 | 103.8 | 103.8 |
| February | 103.1 | 104.2 | 103.8 |
| March | 101.5 | 105.7 | 104.3 |
| April | 99.1 | 106.1 | 103.7 |
| May | 97.4 | 103.9 | 101.7 |
| June | 98.9 | 105.2 | 103.1 |
| July | 99.8 | 105.3 | 103.4 |
| August | 100.4 | 105.2 | 103.6 |
| September | 101.0 | 107.3 | 105.2 |
| October | 101.3 | 108.3 | 105.9 |
| November | 101.3 | 107.7 | 105.5 |
| December | 102.6 | 109.0 | 106.8 |