Hungary's annual producer inflation rose to 8.1 percent in February of 2021 from 6.6 percent in February. It was the highest producer inflation since August of 2018, mainly due to the weakening of the forint against the euro. Upward pressure came from cost of manufacturing (7.2 percent vs 6.5 percent in January) and electricity, gas, steam and air-conditioning supply (13 percent vs 5.3 percent). On the other hand, prices eased for mining & quarrying (1.4 percent vs 4.8 percent) and cost decreased for water collection, treatment and supply (-2.5 percent vs -1 percent). On a monthly basis, producer prices were up 1.6 percent, after increasing 0.7 percent in the previous month. source: Hungarian Central Statistical Office
Producer Prices Change in Hungary averaged 2.93 percent from 2001 until 2021, reaching an all time high of 11.30 percent in January of 2001 and a record low of -3.50 percent in March of 2010. This page provides the latest reported value for - Hungary Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hungary Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Producer Prices Change in Hungary is expected to be 6.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Hungary to stand at 2.70 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.80 percent in 2022, according to our econometric models.