Producer prices in Hungary edged up 0.3 percent year-on-year in July of 2019, following a 0.1 percent increase in the previous month. Cost rose at a faster pace for manufacturing (0.4 percent from 0.3 percent in June) while inflation was steady for water. Collection treatment & supply (at 0.1 percent). On the other hand, prices slowed for mining & quarrying (3.4 percent from 4.2 percent) and cost fell softer for electricity, gas, steam & air conditioning supply (-1.1 percent from -1.8 percent). On a monthly basis, producer prices rose 0.3 percent, up from a 0.6 percent drop in June. Producer Prices Change in Hungary averaged 2.84 percent from 2001 until 2019, 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.
Producer Prices Change in Hungary is expected to be 0.50 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 2.00 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.70 percent in 2020, according to our econometric models.