Industrial producer prices rise by 3.0% compared to a year earlier and by 1.3% compared to previous month
Industrial producer prices were 3.0% higher on average in August 2024 than one year earlier. Domestic output prices were up by 1.2% and non-domestic output prices by 4.0%. Compared to the previous month, domestic output prices rose by 0.2% and non-domestic output prices by 1.8%, so industrial producer prices as a whole increased by 1.3%.
In August 2024 compared to August 2023:
Domestic output prices were up by 1.2% on average, within which those in manufacturing, a section representing a weight of 60.0%, were 2.7% higher and those in the energy industry (electricity, gas, steam and air conditioning supply), a section with a weight of 38.6%, 2.2% lower. Food industry output prices lessened by 0.6%.
Prices in Hungary rose by 0.5% in energy and intermediate producer branches together, by 4.8% in capital goods producer and by 1.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 4.0% higher, within which the prices were up by 2.5% in manufacturing, representing a weight of 82.9%, and by 8.8% in the energy industry, with a weight of 16.7%.
In January–August 2024 compared to January–August 2023:
Domestic output prices lessened by 3.1% and non-domestic output prices were practically unchanged (+0.1%), so industrial producer prices as a whole were 1.0% lower.
Industrial price indices
(same period of previous year = 100.0)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2023 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 |
| August | 101.2 | 104.0 | 103.0 |