Hungary’s producer prices rose 14.4 percent year-on-year in August of 2021, the second highest reading since at least 2001 and slightly below the fresh record of 14.8 percent in the previous month. Prices accelerated for electricity, gas, steam, and air conditioning supply (51.5 percent vs 46.2 percent in July) and mining and quarrying (12.2 percent vs 9.2 percent). On the other hand, producer inflation slowed for manufacturing (9.8 percent vs 10.6 percent) while prices decreased at a slower rate for water collection, treatment, and supply (-1 percent vs -1.1 percent). Foreign output prices eased (12.4 percent vs 13 percent) while the domestic counterparts accelerated (18.5 percent vs 18.3 percent), mainly due to the appreciation of the Forint against the Euro. On a monthly basis, producer inflation fell to 0.4 percent compared to 3.5 percent from July. source: Hungarian Central Statistical Office
Producer Prices Change in Hungary averaged 3.15 percent from 2001 until 2021, reaching an all time high of 14.80 percent in July 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 October of 2021.
Producer Prices Change in Hungary is expected to be 12.40 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 3.30 percent in 2022 and 2.80 percent in 2023, according to our econometric models.