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.