Producer prices in Hungary increased 6.7 percent year-on-year in September of 2018, easing from a 8.1 percent rise in the previous month. It was the lowest producer inflation since May, as prices slowed for manufacturing (5.8 percent from 7.6 percent); water collection, treatment and supply (1.1 percent from 1.4 percent) and mining & quarrying (7.8 percent from 8.7 percent). On the other hand, cost rose faster for electricity, gas, steam and air-conditioning supply (12.5 percent from 10.9 percent). On a monthly basis, producer prices went up 0.1 percent, after a 0.1 percent drop in August. Producer Prices Change in Hungary averaged 2.83 percent from 2001 until 2018, 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 7.20 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 5.80 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 3.00 percent in 2020, according to our econometric models.
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