Industrial producer prices lessen by 0.2% in May 2024 compared to a year earlier and increase by 0.2% compared to the previous month
Industrial producer prices were 0.2% lower on average in May 2024 compared to one year earlier. Domestic output prices decreased by 3.9%, non-domestic output prices were up by 1.7%. Compared to the previous month, domestic output prices were down by 0.9%, non-domestic output prices increased by 0.7%, as such industrial producer prices, on the whole, were 0.2% higher.
In May 2024 compared to May 2023:
Domestic output prices decreased by 3.9% on average, within it output prices went up by 0.8% in manufacturing representing a weight of 60.0%, and dropped by 13.0% in the 38.6% weight representing energy industry (electricity, gas, steam and air conditioning supply). Food industry output prices were 5.1% lower.
Prices in Hungary fell by 6.1% in the energy and intermediate producer branches together, rose by 5.8% in capital goods producer ones, and lessened by 1.1% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 1.7% higher, within it, prices were up by 4.5% in the 82.9% weight representing manufacturing, and decreased by 15.9% in the energy industry, with a weight of 16.7%.
In January–May 2024 compared to January–May 2023:
Domestic output prices lessened by 5.5%, non-domestic output ones fell by 2.1%, as such industrial producer prices on the whole were 3.2% lower.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2023 May | 136.5 | 98.9 | 111.2 |
| June | 129.8 | 95.0 | 106.4 |
| July | 119.5 | 92.4 | 101.3 |
| August | 108.6 | 92.4 | 97.7 |
| September | 107.8 | 92.5 | 97.5 |
| October | 100.4 | 90.1 | 93.4 |
| November | 98.1 | 91.1 | 93.4 |
| December | 96.4 | 91.1 | 92.8 |
| 2024 January | 92.4 | 93.7 | 93.2 |
| February | 94.2 | 96.5 | 95.7 |
| March | 94.8 | 98.1 | 97.0 |
| April | 95.0 | 99.6 | 98.0 |
| May | 96.1 | 101.7 | 99.8 |