Industrial Producer Prices Rise by 8.2% Y-on-Y

Industrial producer prices were 8.2% higher on average in February 2025 than one year earlier. Domestic output prices were 5.4% and non-domestic output prices 9.6% higher than in February in the previous year, the Central Statistical Office (KSH) reports.

The price rise was primarily caused by the annual weakening of the forint exchange rate against the euro and the increase in production costs. Compared to the previous month, domestic output prices were unchanged and non-domestic output prices lessened by 0.6%, so industrial producer prices as a whole by 0.4%.

In February 2025 compared to February 2024:
Domestic output prices increased by 5.4% on average, within which by 5.0% in manufacturing, representing a weight of 62.7%, and by 5.8% in the energy industry (electricity, gas, steam and air conditioning supply), with a weight of 35.4%. Food industry output prices rose by 6.1%.

Prices in Hungary went up by 5.5% in energy and intermediate producer branches together, by 5.2% in capital goods producer and also by 5.2% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 9.6% higher, within which the prices rose by 4.7% in manufacturing, representing a weight of 91.8%, and by 36.3% in the energy industry, with a weight of 8.0%.

In January–February 2025 compared to January–February 2024:
Domestic output prices were 5.8% and non-domestic output prices 10.1% higher, so industrial producer prices as a whole were up by 8.7%.