Producer price inflation in Hungary climbed to a fresh high of 32.3% yoy in May of 2022, from 28.8% in the previous month, mainly influenced by higher raw materials and energy prices as well as the weakening of the forint versus the euro. Upward pressure came primarily from prices of electricity, gas, steam, and air conditioning supply (91.6% vs 94.8% in April); mining (38.8% vs 37.3% in April) and manufacturing (24.3% vs 20%). Meanwhile, those of water collection, treatment, and supply increased at a much softer pace (1% vs 1.1%). On a monthly basis, producer prices advanced by 2.6%, following a 2.9% rise in the previous month. source: Hungarian Central Statistical Office
Producer Prices Change in Hungary averaged 3.85 percent from 2001 until 2022, reaching an all time high of 32.30 percent in May of 2022 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 July of 2022.
Producer Prices Change in Hungary is expected to be 8.80 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 2023, according to our econometric models.