Producer prices in Hungary increased 3.1 percent year-on-year in June 2020, following a 1.7 percent rise in the previous month. The development of prices was influenced by economic trends having changed owing to the coronavirus epidemic as its impact was felt in money and commodity markets. Prices advanced further for manufacturing (4.9 percent vs 3.5 percent on May) and mining & quarrying (4.4 percent vs 2.1 percent). In addition, cost of electricity and gas supply fell less (-7.7 percent vs -9.1 percent) while water supply prices continued to drop (-1.2 percent, the same as in May). On a monthly basis, producer prices went up 0.7 percent, rebounding from a 1.4 percent decline in the prior month.

Producer Prices Change in Hungary averaged 2.84 percent from 2001 until 2020, 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 August of 2020. source: Hungarian Central Statistical Office

Producer Prices Change in Hungary is expected to be 2.50 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 2.80 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.70 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Hungary Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
3.10 1.70 11.30 -3.50 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 07:00 AM Mar 4.3% 3.8% 2.9%
2020-06-02 07:00 AM Apr 3.7% 4.3% 4.5%
2020-06-30 07:00 AM May 1.7% 3.7% 3.6%
2020-08-04 07:00 AM Jun 3.1% 1.7% 2.7%
2020-09-02 07:00 AM Jul
2020-09-30 07:00 AM Aug
2020-11-02 08:00 AM Sep 2.5%
2020-12-01 08:00 AM Oct


News Stream
Hungary Producer Inflation Rises to 3.1% in June
Producer prices in Hungary increased 3.1 percent year-on-year in June 2020, following a 1.7 percent rise in the previous month. The development of prices was influenced by economic trends having changed owing to the coronavirus epidemic as its impact was felt in money and commodity markets. Prices advanced further for manufacturing (4.9 percent vs 3.5 percent on May) and mining & quarrying (4.4 percent vs 2.1 percent). In addition, cost of electricity and gas supply fell less (-7.7 percent vs -9.1 percent) while water supply prices continued to drop (-1.2 percent, the same as in May). On a monthly basis, producer prices went up 0.7 percent, rebounding from a 1.4 percent decline in the prior month.
2020-08-04
Hungary Producer Inflation Eases to 7-Month Low in May
Producer prices in Hungary rose 1.7 percent year-on-year in May 2020, easing from a 3.7 percent increase in the previous month. It was the lowest producer inflation rate since October last year, due to the coronavirus pandemic as its impact was felt in money and commodity markets. Prices slowed for manufacturing (3.5 percent vs 5.6 percent in April) and mining & quarrying (2.1 percent vs 6.1 percent). In addition, cost dropped further for electricity and gas supply (-9.1 percent vs -7 percent) and water supply (-1.2 percent vs -1.1 percent). On a monthly basis, producer prices went down 1.4 percent, after a 0.4 percent rise in the prior month.
2020-06-30
Hungary Producer Inflation Slows to 4-Month Low in April
Producer prices in Hungary went up 3.7 percent year-on-year in April 2020, after increasing 4.3 percent in the previous month. It was the lowest producer inflation since December last year, influenced by economic trends having changed owing to the coronavirus epidemic, their impact was felt in money and commodity markets. Prices slowed for manufacturing (5.6 percent vs 6.1 percent in March) and cost fell further for electricity and gas supply (-7 percent vs -6.1 percent) and water supply (-1.1 percent vs -0.9 percent). On the other hand, mining & quarrying prices increased at a faster pace (6.1 percent vs 4.4 percent). On a monthly basis, producer prices advanced 0.4 percent, easing from a 0.5 percent gain in the prior month.
2020-06-02
Hungary Producer Inflation Rises to 15-Month High of 4.3%
Producer prices in Hungary rose 4.3 percent year-on-year in March of 2020, up from a 3.8 percent increase in the previous month. It was the highest producer inflation since December of 2018, influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials. Prices advanced faster for manufacturing (6.1 percent vs 5.3 percent in February) while those of mining & quarrying slowed (4.4 percent vs 5.3 percent). Meantime, cost continued to decline for both electricity and gas supply (-6.1 percent vs -5.1 percent) and water supply (-0.9 percent vs -0.5 percent). On a monthly basis, producer prices went up 0.5 percent, recovering from a 0.2 percent fall in February.
2020-04-29

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.