Hungary's producer price inflation picked up to 3.4 percent year-on-year in July 2020 from 3.1 percent in the previous month, as cost rose at a faster pace for both manufacturing (5.0 percent vs 4.9 percent) and mining and quarrying (7.2 percent vs 4.4 percent). On the other hand, prices continued to fall for electricity, gas, steam and air-conditioning supply (-5.8 percent vs -7.7 percent) and water collection, treatment and supply (-1.6 percent vs -1.2 percent). On a monthly basis, producer prices increased 0.7 percent for a second straight 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 September 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.