FX.co ★ Hungary’s Producer Price Slide Eases in January, Signalling Mild Upturn in Industrial Prices

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.