Industrial producer prices up 9 percent
In December 2024 compared to December 2023 domestic output prices increased by 4.0% on average, within which those in manufacturing, a section representing a weight of 60.0%, by 5.6% and those in the energy industry (electricity, gas, steam and air conditioning supply), a section with a weight of 38.6%, by 0.5%. Food industry output prices rose by 4.5%.
Prices in Hungary were up by 3.4% in energy and intermediate producer branches together, by 7.5% in capital goods producer and by 4.0% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices were 11.5% higher, within which the prices rose by 8.1% in manufacturing, representing a weight of 82.9%, and by 26.9% in the energy industry, with a weight of 16.7%.
In 2024 compared to previous year industrial producer prices as a whole were 1.0% higher. Domestic output prices fell by 1.6% on average, within which manufacturing prices increased by 1.1% and energy industry prices went down by 7.4%.
Industrial domestic output prices lessened by 3.4% in energy and intermediate producer branches and were up by 5.5% in capital goods producer and by 0.7% in consumer goods producer branches out of the end-use groups of the producer branches of industry.
Industrial non-domestic output prices grew by 2.4%, within which the prices were 3.4% higher in manufacturing and an average 7.6% lower in the energy industry, representing a small weight.