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.

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Hungary Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
11.60 11.30 11.60 -3.50 2001 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-30 07:00 AM Mar 9.6% 8.1% 7.9%
2021-05-31 07:00 AM Apr 9.8% 9.6% 10.3%
2021-06-30 07:00 AM May 11.3% 9.8% 12.3%
2021-08-02 07:00 AM Jun 11.6% 11.3% 11.5%
2021-09-02 07:00 AM Jul 11.6%
2021-09-30 07:00 AM Aug
2021-11-02 08:00 AM Sep
2021-12-01 08:00 AM Oct


News Stream
Hungary Producer Inflation Highest on Record
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.
2021-08-02
Hungary Producer Inflation at Over 20-Year High
Producer prices in Hungary surged 11.3 percent from a year earlier in May of 2021, following a 9.8 percent jump in the previous month. It was the fastest producer inflation since January of 2001, primarily bolstered by prices in manufacturing industries (8.6 percent vs 7.9 percent in April) and electricity, gas, steam and air-conditioning supply (30.1 percent vs 22.9 percent). To a lesser extent, upward pressure also came from mining & quarrying activities (4.8 percent vs 0.8 percent). In contrast, costs continued to fall for water collection, treatment and supply (-1.4 percent vs -1.5 percent). On a monthly basis, producer prices inched down 0.1 percent, after a 0.6 percent gain in the previous month.
2021-06-30
Hungary April Producer Inflation at Near 15-Year High
Hungary's annual producer inflation quickened to 9.8 percent in April of 2021 from 9.6 percent in the prior month. It was the highest rate since August of 2006, influenced by the weakening of the forint against the euro and by the price rise of raw and base materials. On a monthly basis, producer prices went up 0.6 percent.
2021-05-31
Hungary Producer Inflation Rises to 2-1/2-Year High of 8.1%
Hungary's annual producer inflation rose to 8.1 percent in February of 2021 from 6.6 percent in February. It was the highest producer inflation since August of 2018, mainly due to the weakening of the forint against the euro. Upward pressure came from cost of manufacturing (7.2 percent vs 6.5 percent in January) and electricity, gas, steam and air-conditioning supply (13 percent vs 5.3 percent). On the other hand, prices eased for mining & quarrying (1.4 percent vs 4.8 percent) and cost decreased for water collection, treatment and supply (-2.5 percent vs -1 percent). On a monthly basis, producer prices were up 1.6 percent, after increasing 0.7 percent in the previous month.
2021-03-31

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.