Industrial producer price inflation rose to an annual 25.9% in March. The domestic price level even rose by around 40%, twice as fast as in the export business.
The reasons for the enormous increase include the raw materials and energy prices, rising wage bills and the weakening of the forint. Domestic price increases are currently only somewhat more restrained for capital goods (+10.5% year-on-year) and for consumer goods (+18%).
In the first quarter, producer prices were a total of 23.6% above the base value from the beginning of 2021. With an increase in domestic sales of 37% compared to 16.5% in the export business.