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.