Industrial producer prices 2.6% higher than a year earlier and 1.0% higher than in previous month
Industrial producer prices were 2.6% higher on average in October 2024 than one year earlier. Domestic output prices lessened by 0.5%, while non-domestic output prices were 4.1% higher than in October 2023. Compared to the previous month, domestic output prices lessened by 0.5%, and non-domestic output prices were 1.8%, so industrial producer prices as a whole 1.0% higher than a year earlier.
In October 2024 compared to October 2023:
Domestic output prices lessened by 0.5% on average, within which those in manufacturing, a section representing a weight of 60.0%, rose by 1.2% and those in the energy industry (electricity, gas, steam and air conditioning supply), a section with a weight of 38.6%, were cut by 4.0%. Food industry output prices were 2.5% higher.
Prices in Hungary decreased by 2.5% in energy and intermediate producer branches together and were up by 6.8% in capital goods producer and by 2.8% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 4.1% higher, within which the prices went up by 4.0% in manufacturing, representing a weight of 82.9%, and by 1.4% in the energy industry, with a weight of 16.7%.
In January–October 2024 compared to January–October 2023:
Domestic output prices lessened by 2.6% and non-domestic output prices rose by 0.6%, so industrial producer prices as a whole were 0.5% lower.
Industrial price indices
(same period of previous year = 100.0%)
(%)
| Year, month | Domestic output | Non-domestic output | Producer price index, total |
|---|---|---|---|
| 2023 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 |
| September | 99.3 | 101.7 | 100.9 |
| October | 99.5 | 104.1 | 102.6 |