Producer prices in Hungary advanced 11.6 percent from a year earlier in June of 2021, following an 11.3 percent jump in the previous month. It was the fastest producer inflation since available records began in January of 2001, mostly driven by rising raw materials prices and a weaker exchange rate against the euro. Upward pressure came from prices of electricity, gas, steam and air-conditioning supply (38.3 percent vs 30.1 percent in May); mining (6.8 percent vs 4.8 percent) and manufacturing (8 percent vs 8.6 percent). Conversely, costs decreased further for water supply (-1.7 percent vs -1.4 percent). On a monthly basis, producer prices inched up 1 percent, after a 0.1 percent drop in the previous month. source: Hungarian Central Statistical Office
Producer Prices Change in Hungary averaged 3.05 percent from 2001 until 2021, reaching an all time high of 11.60 percent in June of 2021 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 2021.
Producer Prices Change in Hungary is expected to be 11.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.80 percent in 2022, according to our econometric models.