Industrial Producer Prices Up by 14.0% in Hungary

Industrial producer prices were 14.0% higher on average in September 2021 than a year earlier. The rate of increase of prices was influenced principally by the price rise of raw and base materials as well as motor fuels, the Central Statistical Office reports.

Domestic output prices rose by 20.1% and non-domestic output prices by 10.9%. Compared to the previous month, domestic output prices were up by 2.7%, non-domestic output prices by 2.2%, so industrial producer prices as a whole by 2.4%.

In September 2021 compared to September 2020:
Domestic output prices were 20.1% higher on average, within which the price rise was 15.9% in manufacturing, representing a weight of 63%, and 30.2% in energy industry (electricity, gas, steam and air conditioning supply), with a weight of 31%.

Prices in Hungary went up by 27.7% in energy and intermediate producer branches together, by 5.2% in capital goods producer and by 5.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 10.9%, within which the price increase was 6.2% in manufacturing, representing a weight of 95%, and – owing to a rise in world market prices, and a fall of raw materials prices in the base period – 158.1% in energy industry, with a weight of 4.5%.

In January–September 2021 compared to January–September 2020:
Domestic output prices increased by 12.8%, non-domestic output prices by 10.3% and industrial producer prices as a whole by 11.1%.