Industrial Producer Prices Up by 9.1% Year-on-Year

Industrial producer prices were 9.1% higher on average in January 2025 than one year earlier. Domestic output prices were 6.1% and non-domestic output prices 10.6% higher than in January 2024, the Central Statistical Office (KSH) reported this Friday.

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 up by 0.9% and non-domestic output prices by 0.2%, so industrial producer prices as a whole by 0.4%.

In January 2025 compared to January 2024:
Domestic output prices increased by 6.1% on average, within which those in manufacturing, a section representing a weight of 62.7%, by 6.6% and those in the energy industry (electricity, gas, steam and air conditioning supply), a section with a weight of 35.4%, by 5.0%. Food industry output prices rose by 6.1%.

Prices in Hungary were up by 6.1% in energy and intermediate producer branches together, by 6.6% in capital goods producer and by 5.6% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices were 10.6% higher, within which the prices rose by 7.5% in manufacturing, representing a weight of 91.8%, and by 23.6% in the energy industry, with a weight of 8.0%.