Producer prices in Hungary edged up 0.1 percent year-on-year in June of 2019, easing sharply from a 2.7 percent rise in the previous month. It was the lowest producer inflation since deflation ended in November of 2016, as cost slowed for manufacturing (0.3 percent from 2.5 percent in May) and mining & quarrying (4.2 percent from 6.6 percent). Also, prices fell for electricity, gas, steam & air conditioning supply (-1.8 percent from 3.1 percent) while cost of water collection, treatment & supply edged up 0.1 percent, after showing no growth. On a monthly basis, producer prices decreased 0.6 percent, down from a 0.5 percent gain in May. Producer Prices Change in Hungary averaged 2.86 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 3.20 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 3.00 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.