In July, domestic industrial sales prices were 52.7 percent higher, export prices 30.4 percent higher than a year earlier, while industrial producer prices rose by an average of 37.9 percent, the Hungarian Central Statistical Office reported on Wednesday.
Compared with the previous month, domestic sales prices rose by 9.1 percent, exports by 3.9 percent, and industrial producer prices by 5.7 percent overall.
The higher increase in domestic sales prices was due to a larger share of the energy sector, which saw significant price increases.
In addition, the rise in raw material prices and the weakening of the forint also played a decisive role, the report shows. Within an average increase of 52.7 percent in domestic sales, producer prices rose by 36.4 percent in manufacturing, which accounts for 62 percent, and by 95.0 percent in energy, which accounts for 33 percent.
Also within manufacturing, prices in petroleum refining rose at the fastest pace, increasing for the fourth month more than double the rate of a year earlier, with a 109.6 percent increase in July.
Producer prices in the food manufacturing sector rose 3.9 percent in July and were 37.4 percent higher than in July last year.
Domestic prices in the transport sector rose for the second month in a row, up 19.5 percent in July, while the chemical and pharmaceutical industries were up 52.4 percent and 29.9 percent, respectively, on a year-over-year basis. In addition to the above, export prices measured in forint also showed a 30 percent increase.
In the first seven months, domestic sales prices rose by 42.0 percent, export sales prices by 22.7 percent, and overall industrial producer prices by 29.2 percent compared to the same period last year.
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