Producer prices in Hungary rose 4.3 percent year-on-year in March of 2020, up from a 3.8 percent increase in the previous month. It was the highest producer inflation since December of 2018, influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials. Prices advanced faster for manufacturing (6.1 percent vs 5.3 percent in February) while those of mining & quarrying slowed (4.4 percent vs 5.3 percent). Meantime, cost continued to decline for both electricity and gas supply (-6.1 percent vs -5.1 percent) and water supply (-0.9 percent vs -0.5 percent). On a monthly basis, producer prices went up 0.5 percent, recovering from a 0.2 percent fall in February.

Producer Prices Change in Hungary averaged 2.84 percent from 2001 until 2020, 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. 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 June of 2020. source: Hungarian Central Statistical Office

Producer Prices Change in Hungary is expected to be 2.70 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 2.80 in 12 months time. In the long-term, the Hungary Producer Prices Change is projected to trend around 2.70 percent in 2021 and 2.80 percent in 2022, according to our econometric models.

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Hungary Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
4.30 3.80 11.30 -3.50 2001 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-03 08:00 AM Dec 2.4% 2.1% 2.4%
2020-03-03 08:00 AM Jan 3.8% 2.4% 2.6%
2020-03-31 07:00 AM Feb 3.8% 3.8% 3.5%
2020-04-29 07:00 AM Mar 4.3% 3.8% 2.9%
2020-06-02 07:00 AM Apr 4.3% 4.5%
2020-06-30 07:00 AM May
2020-08-04 07:00 AM Jun 2.7%
2020-09-02 07:00 AM Jul


News Stream
Hungary Producer Inflation Rises to 15-Month High of 4.3%
Producer prices in Hungary rose 4.3 percent year-on-year in March of 2020, up from a 3.8 percent increase in the previous month. It was the highest producer inflation since December of 2018, influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials. Prices advanced faster for manufacturing (6.1 percent vs 5.3 percent in February) while those of mining & quarrying slowed (4.4 percent vs 5.3 percent). Meantime, cost continued to decline for both electricity and gas supply (-6.1 percent vs -5.1 percent) and water supply (-0.9 percent vs -0.5 percent). On a monthly basis, producer prices went up 0.5 percent, recovering from a 0.2 percent fall in February.
2020-04-29
Hungary February Producer Inflation Steady at Near 1-Year High
Producer prices in Hungary rose 3.8 percent year-on-year in February of 2020, the same pace as in the previous month. It was the highest producer inflation since April of 2019, influenced by wage growth, forint exchange rate changes and the development of the world market prices of raw and base materials. Prices advanced faster for mining (5.3 percent vs 4.3 percent in January) and manufacturing (5.3 percent vs 4.9 percent), but declined for electricity and gas supply (-5.1 percent vs -3.7 percent) and water supply (-0.5 percent vs -1.6 percent). On a monthly basis, producer prices dropped 0.2 percent, after increasing 0.9 percent in the prior month.
2020-03-31
Hungary Producer Inflation Climbs to 9-Month High
Producer prices in Hungary rose 3.8 percent year-on-year in January of 2020, up from a 2.4 percent rise in the previous month. It was the highest producer inflation since April of 2019, as manufacturing prices advanced faster (4.9 percent vs 3.3 percent in December) while electricity, gas, steam and air conditioning supply cost fell at a softer pace (-3.7 percent vs -4.0 percent). Meanwhile, mining & quarrying prices slowed (4.3 percent vs 5.7 percent) while water collection, treatment and supply cost continued to decline (-1.6 percent vs -1.3 percent). On a monthly basis, producer prices edged up 0.9 percent, after a 0.2 percent drop in the prior month.
2020-03-03
Hungary Producer Inflation Picks Up to 7-Month High of 2.4%
Producer prices in Hungary rose 2.4 percent year-on-year in December 2019, up from a 2.1 percent rise in the previous month. It was the highest producer inflation since May, as cost advanced faster for manufacturing (3.3 percent vs 2.9 percent in November) and mining and quarrying (5.7 percent vs 1.3 percent). Meantime, prices continued to fall for electricity, gas, steam and air conditioning supply (-4.0 percent vs -3.7 percent) and water collection, treatment and supply (-1.3 percent, the same as in November). On a monthly basis, producer prices edged down 0.2 percent, after a 0.4 percent increase in November.
2020-02-03

Hungary Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.