Industrial Producer Prices up 37% y.o.y. in November

2023. január 05.

Budapest Business Journal

Industrial producer prices in Hungary rose by 37% on average in November 2022 compared to one year earlier, according to data published by the Central Statistical Office (KSH).

The faster growth in domestic output prices was due to the proportion of the energy industry, where a significant price increase occurred, being much larger in the domestic than in the non-domestic output. In addition to the steep rise in energy prices, the rise in base material prices and the weakening of the forint also had a price-raising effect, according to KSH.