Hungary’s producer prices declined by 2.9% year-on-year in January 2026, easing from a 3.4% drop in December 2025. Deflation in non-domestic output moderated (-2.9% vs. -4.1%), while price declines for domestic output intensified (-2.8% vs. -1.9%).
By sector, prices rose in water collection, treatment, and supply (5.6% vs. 3.7%). Cost decreases slowed in electricity, gas, steam, and air-conditioning supply (-2% vs. -4%) and in mining and quarrying (-5% vs. -5.3%). In contrast, producer prices in manufacturing were unchanged at -3.3%, still weighed down by sharper price falls in vehicle manufacturing (-4.9% vs. -4.3%), chemical and chemical products (-7.8% vs. -6.1%), and coke production and petroleum refining (-19.5% vs. -15.5%).
On a monthly basis, producer prices rose by 0.9% in January, rebounding from a 0.4% decline in the previous month.
