Producer prices in Hungary increased 4.7 percent year-on-year in December of 2018, following a 5.1 percent rise in November. It is the lowest producer inflation since April as prices rose less for mining and quarrying (7.5 percent compared to 9.9 percent); manufacturing (3.7 percent compared to 4.2 percent in November); and water collection, treatment and supply (0.8 percent compared to 0.9 percent); but rose slightly faster for electricity, gas, steam and air conditioning (11.5 percent compared to 11.2 percent). Considering full 2018, industrial producer prices increased 5.5 percent, higher than 3.3 percent in 2017, mainly due to wage growth, forint exchange rate changes and global oil prices. Producer Prices Change in Hungary averaged 2.86 percent from 2001 until 2018, 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 6.10 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 5.70 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 3.00 percent in 2020, according to our econometric models.