Producer Prices in Hungary
Hungary - Producer Prices
Inflation comes in at highest level since March 1996 in December
Inflation rose to 24.5% in December from November’s 22.5%. December's figure marked the highest inflation rate since March 1996. The figure was primarily driven by increasing prices for clothing and footwear.
The trend pointed up, with annual average inflation coming in at 14.6% in December (November: 13.2%). Meanwhile, core inflation rose to 24.8% in December, from November’s 24.0%.
Lastly, consumer prices rose 1.93% in December over the previous month, picking up from the 1.82% increase seen in November.
FocusEconomics panelists see inflation averaging 6.5% in 2023, which is unchanged from last month’s projection. For 2024, the panel sees inflation averaging 3.9%.
Hungary - Producer Prices Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation (PPI, annual variation in %) | -1.3 | 0.5 | 3.9 | 4.8 | 2.4 |
Hungary Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 2.08 | 0.0 % | Dec 31 |
| Exchange Rate | 295.1 | -0.68 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Hungary: Economic sentiment ticks up in January
January 31, 2023
The GKI economic sentiment index, a composite indicator, rose to minus 20.5 in January from minus 20.8 in December.
-
Hungary: MNB stands pat in January
January 25, 2023
At its 24 January meeting, the Monetary Council of the Hungarian National Bank (MNB) left its base rate unchanged at 13.00% for the fourth consecutive meeting.
-
Hungary: Inflation comes in at highest level since March 1996 in December
January 16, 2023
Inflation rose to 24.5% in December from November’s 22.5%.
-
Hungary: Industrial output records slowest expansion since October 2021 in November
January 16, 2023
According to a second estimate by the Statistical Institute, industrial output grew 0.8% year on year in November (October: +5.0% yoy).
-
Hungary: Economic sentiment improves somewhat in December
December 23, 2022
The GKI economic sentiment index, a composite indicator, rose to minus 21.3 in December from minus 22.5 in November, which had marked the lowest reading in 23 months.
© Copyright: 2023. | Hungary Producer Prices | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
