Producer prices in Hungary rose 2.1 percent from a year earlier in November 2019, up from a 1.5 percent increase in the previous month, as prices were higher for manufacturing (2.9 percent vs 2.4 percent). Meanwhile, cost slowed for mining & quarrying (1.3 percent vs 2.6 percent). Also, prices fell for electricity, gas, steam and air-conditioning supply (-3.7 percent vs -5.6 percent) and water supply (-1.3 percent, the same pace as in October). On a monthly basis, producer prices rose 0.4 percent, after dropping 0.1 percent in the prior month. Producer Prices Change in Hungary averaged 2.82 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. source: Hungarian Central Statistical Office

Producer Prices Change in Hungary is expected to be 1.80 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 2.90 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.


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Hungary Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.50 11.30 -3.50 2001 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-09-30 07:00 AM Aug 0.9% 0.3% 1%
2019-10-31 08:00 AM Sep 2.2% 0.9% 0.5%
2019-12-02 08:00 AM Oct 1.5% 2.2% 2.4%
2020-01-06 08:00 AM Nov 2.1% 1.5% 1.4%
2020-02-03 08:00 AM Dec 2.1% 1.5%


News Stream
2019-12-02
Hungary Producer Inflation Slows to 1.5% in October
Producer prices in Hungary rose 1.5 percent year-on-year in October 2019, easing from a 2.2 percent increase in the prior month, as prices advanced at a softer pace for manufacturing (2.4 percent vs 3.0 percent in September) and mining & quarrying (2.6 percent vs 4.4 percent). In addition, cost continued to fall for electricity, gas, steam and air-conditioning supply (-5.6 percent vs -4.3 percent) and water supply (-1.3 percent vs -1.2 percent). On a monthly basis, produce prices dropped 0.1 percent, after rising 1.2 percent in the previous month.

2019-10-31
Hungary Producer Inflation at 4-Month High
Producer prices in Hungary edged up 2.2 percent year-on-year in September of 2019, following a 0.9 percent increase in the previous month. It was the highest producer inflation since May, as prices rose faster for manufacturing (3.0 percent vs 1.5 percent in August) and mining & quarrying (4.4 percent vs 3.7 percent). On the other hand, electricity, gas, steam and air-conditioning supply cost dropped further (-4.3 percent vs -3.3 percent) while water collection treatment & supply prices fell 1.2 percent, the same as in August. On a monthly basis, producer prices rose 1.2 percent, up from a 0.6 percent increase in the prior month.

2019-09-30
Hungary Producer Inflation Rises 0.9% in August
Producer prices in Hungary edged up 0.9 percent year-on-year in August of 2019, following a 0.3 percent increase in the previous month. Cost rose at a faster pace for manufacturing (1.5 percent vs 0.4 percent in July) and mining & quarrying (3.7 percent vs 3.4 percent). On the other hand, prices dropped for electricity, gas, steam & air conditioning supply (-3.3 percent vs -1.1 percent) and water collection treatment & supply (-1.2 percent vs 0.1 percent). On a monthly basis, producer prices rose 0.6 percent, up from a 0.3 percent increase in the prior month.

2019-09-02
Hungary Producer Inflation Rises 0.3% in July
Producer prices in Hungary edged up 0.3 percent year-on-year in July of 2019, following a 0.1 percent increase in the previous month. Cost rose at a faster pace for manufacturing (0.4 percent from 0.3 percent in June) while inflation was steady for water. Collection treatment & supply (at 0.1 percent). On the other hand, prices slowed for mining & quarrying (3.4 percent from 4.2 percent) and cost fell softer for electricity, gas, steam & air conditioning supply (-1.1 percent from -1.8 percent). On a monthly basis, producer prices rose 0.3 percent, up from a 0.6 percent drop in June.

2019-07-31
Hungary Producer Inflation at Near 3-Year Low of 0.1%
Producer prices in Hungary edged up 0.1 percent year-on-year in June of 2019, easing sharply from a 2.7 percent rise in the previous month. It was the lowest producer inflation since deflation ended in November of 2016, as cost slowed for manufacturing (0.3 percent from 2.5 percent in May) and mining & quarrying (4.2 percent from 6.6 percent). Also, prices fell for electricity, gas, steam & air conditioning supply (-1.8 percent from 3.1 percent) while cost of water collection, treatment & supply edged up 0.1 percent, after showing no growth. On a monthly basis, producer prices decreased 0.6 percent, down from a 0.5 percent gain in May.

2019-06-28
Hungary Producer Inflation Rate Slows in May
Producer prices in Hungary increased 2.7 percent year-on-year in May 2019, easing from a 4.1 percent gain in the previous month. Prices slowed for manufacturing (2.5 percent vs 3.5 percent in April); mining & quarrying (6.6 percent vs 9.4 percent); electricity, gas, steam and air conditioning (3.1 percent vs 7.9 percent) and for water collection, treatment and supply (a flat reading from 0.3 percent in April). Producer inflation in May was influenced by wage growth, forint exchange rate changes and world petroleum market price trends. On a monthly basis, producer prices went up 0.5 percent, following a 1.0 percent rise in the prior month.


Hungary Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.

Hungary Prices Last Previous Highest Lowest Unit
Inflation Rate 4.00 3.40 31.00 -1.40 percent [+]
Inflation Rate Mom 0.30 0.10 2.10 -0.70 percent [+]
Harmonised Consumer Prices 110.96 110.66 110.96 29.31 points [+]
Consumer Price Index CPI 1331.40 1327.70 1331.40 152.40 points [+]
Core Consumer Prices 451.20 449.90 451.20 102.90 points [+]
Core Inflation Rate 3.90 4.00 26.31 -0.60 percent [+]
GDP Deflator 161.12 159.98 161.12 34.13 points [+]
Producer Prices 102.10 101.50 111.30 96.50 points [+]
Producer Prices Change 2.10 1.50 11.30 -3.50 percent [+]
Export Prices 101.40 101.60 111.50 89.80 points [+]
Import Prices 99.60 99.70 113.00 89.50 points [+]
CPI Transportation 104.00 100.10 122.00 91.70 points [+]
Food Inflation 5.70 5.20 18.50 -2.70 percent [+]