Hungary Producer Prices at 20-Month Low

Hungary’s producer prices fell by 2.7% year-on-year in November 2025, reversing sharply from a 1.8% rise in the previous month. This marked the first decline in producer prices since May 2024 and the lowest reading in almost two years as costs dropped for non-domestic output (-3.1% vs 2.2% in October) and domestic output (-1.8% vs 0.9%). Among sectors, prices contracted for manufacturing (-2.7% vs 0.3%) and electricity, gas, steam, and air-conditioning supply (-5.6% vs 2.4%), while prices declined further for mining and quarrying (-3.8% vs -2.2%). On the other hand, costs rose for water collection, treatment, and supply (3.7% vs 3.6%). On a monthly basis, producer prices decreased by 0.3% in November, following a 0.4% gain in the preceding period.