Hungary: Industrial producer prices rise by 6.7%

Industrial producer prices rise by 6.7%

Industrial producer prices as a whole were 6.7% higher in September 2018 than in the same period of the previous year. The price change was basically due to wage growth, oil price rise and the weakening of the forint. Domestic output prices increased by 8.2% on average, within which the prices of manufacturing, representing a weight of six-tenths, rose by 7.8% and the prices of energy industry (electricity, gas, steam and air conditioning supply), with a weight of over one-third, by 9.7% compared to a year earlier. Industrial non-domestic output prices went up by 6.0% compared to September of the previous year.

In September 2018 compared to September 2017:

Industrial domestic output prices were up by 8.2%. Prices in Hungary increased by 11% in energy and intermediate producer branches, by 4.5% in capital goods producer and by 1.4% in consumer goods producer branches out of the end-use groups of the producer branches of industry.

Industrial non-domestic output prices rose by 6.0%, within which prices were up by 5.2% in manufacturing, representing a weight of 96.4%, and by 28% in energy industry, with a weight of 3.4%, owing to branch-specific world market effects.

In January–September 2018 compared to January–September 2017:

Domestic output prices increased by 5.7% and non-domestic output prices by 5.4%, so industrial producer prices as a whole were 5.5% higher.