Hungary’s producer price index (PPI) continued to decline on an annual basis in January 2026, but the pace of deflation eased, suggesting a tentative stabilization in industrial prices. Year-over-year, PPI stood at -2.9% in January, compared with -3.4% in December 2025, according to data updated on 27 February 2026.
Both readings compare prices in each month with the same month a year earlier. The improvement from December to January indicates that while factory-gate prices are still lower than a year ago, the gap has narrowed. This moderation in producer price deflation could signal a gradual firming in cost pressures along the production chain, with potential implications for future consumer price dynamics and corporate margins.
