Industrial producer prices up 18.5% yoy in October
Industrial producer prices in Hungary were on average 18.5% higher in October 2021 than a year earlier, according to data from the Central Statistical Office (KSH).
The rate of price increase was mainly influenced by the rise in the prices of raw and basic materials as well as fuels, notes KSH.
Compared with October 2020, the prices of national production were on average 26.6% higher, among which the price increase was 19.9% in the manufacturing sector, representing a weight of 63%, and 42 , 9% in the energy industry (supply of electricity, gas, steam and air conditioning), with a weight of 31%.
Prices in Hungary increased by 37.4% in energy and intermediate producer industries, by 5.8% in capital goods industries and by 7.0% in industries of consumer goods excluding end-use groups of branches of production of industry.
The prices of non-domestic industrial products increased by 14.3%, among which the price increase was 8.5% in the manufacturing sector, accounting for a weight of 95%, and – due to a rise in prices of the world market and a drop in commodity prices in the base period – 212.2% in the energy industry, with a weight of 4.5%.
In the first 10 months of 2021, domestic producer prices increased by 14.2%, non-domestic producer prices by 10.7%, and industrial producer prices as a whole by 11.9%. compared to the same period of 2020.
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