FX.co ★ Hungary’s Producer Prices Slide Further in December, Deepening Deflation Trend

Hungary’s producer price index (PPI) fell deeper into negative territory in December 2025, signaling a further easing of cost pressures at the factory gate. Year-over-year, PPI declined by 3.4% in December, compared with a 2.7% drop in November 2025.

The figures, updated on 29 January 2026, show that producer prices have continued to contract when measured against the same month a year earlier. The December reading extends the deflationary trend in wholesale and industrial prices, with the “actual” figure representing the change versus December of the previous year, while the “previous” reading reflected November’s year-over-year comparison.

The deepening negative PPI suggests that input and output prices in Hungary’s industrial sector are under increasing downward pressure, a development that can influence corporate margins, investment decisions, and future consumer price dynamics. Investors and policymakers will be watching closely to see whether this deflationary pattern persists into early 2026.