Producer prices in Hungary hiked 14.8 percent year-on-year in July of 2021, following an 11.6 percent jump in the previous month. It was the fastest producer inflation since available records began in January of 2001, mostly driven by rising raw materials prices and a weaker exchange rate against the euro. The steepest price hikes were seen in electricity, gas, steam and air-conditioning supply (46.2 percent vs 38.3 percent in June); followed by manufacturing (10.6 percent vs 8.0 percent); and mining (9.2 percent vs 6.8 percent). In contrast, charges went down at a slower pace for water supply (-1.1 percent vs -1.7 percent). On a monthly basis, producer prices advanced 3.5 percent, quickening from a 1.0 percent gain in June. source: Hungarian Central Statistical Office
Producer Prices Change in Hungary averaged 3.10 percent from 2001 until 2021, reaching an all time high of 14.80 percent in July of 2021 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 September of 2021.
Producer Prices Change in Hungary is expected to be 11.50 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 2022, according to our econometric models.