Producer prices in Hungary jumped to 4.1 percent year-on-year in April of 2019, accelerating from a 2.7 percent increase in the previous month. It was the highest producer inflation since December of 2018, as cost rose faster for all main categories: manufacturing (3.5 percent from 2.3 percent in March); electricity, gas, steam & air conditioning supply (7.9 percent from 5 percent); water collection, treatment and supply (0.3 percent from 0.2 percent) and mining & quarrying (9.4 percent from 8.1 percent). On a monthly basis, producer prices went up 1 percent, after showing no growth in March. Producer Prices Change in Hungary averaged 2.87 percent from 2001 until 2019, 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.
Producer Prices Change in Hungary is expected to be 3.50 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 3.40 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.70 percent in 2020, according to our econometric models.