Hungary's producer price inflation stood at 2.7 percent year-on-year in March 2019, unchanged from the previous month's 10-month low, as prices rose at slower pace for mining & quarrying (8.1 percent from 10.8 percent in February); electricity, gas, steam and air conditioning (5.0 percent from 8.3 percent) and water collection, treatment and supply (0.2 percent from 0.3 percent). Meantime, manufacturing costs advanced further (2.3 percent from 1.9 percent). On a monthly basis, producer prices were flat, after decreasing 0.3 percent in February. 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 2.50 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 3.40 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.