Industrial producer prices rise by 2.5% in July 2024 compared to a year earlier and by 0.7% compared to previous month
Industrial producer prices were 2.5% higher on average in July 2024 than one year earlier. Domestic output prices were up by 1.4% and non-domestic output prices by 3.0%. Compared to the previous month, domestic output prices rose by 2.0% and non-domestic output prices were unchanged, so industrial producer prices as a whole increased by 0.7%.
In July 2024 compared to July 2023:
Domestic output prices were up by 1.4% on average, within which they were 2.8% higher in manufacturing, representing a weight of 60.0%, and 2.1% lower in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 38.6%. Food industry output prices lessened by 1.5%.
Prices in Hungary rose by 0.9% in energy and intermediate producer branches together, by 4.2% in capital goods producer and by 1.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 3.0% higher, within which the prices were up by 3.6% in manufacturing, representing a weight of 82.9%, and decreased by 3.2% in the energy industry, with a weight of 16.7%.
In January–July 2024 compared to January–July 2023:
Domestic output prices lessened by 3.8% and non-domestic output prices by 0.5%, so industrial producer prices as a whole were 1.6% lower.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2023 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 |
| June | 99.8 | 104.2 | 102.7 |
| July | 101.4 | 103.0 | 102.5 |