Hungary’s producer prices fell by 3.4% year-on-year in December 2025, following a 2.7% decline in the previous month. This marked the second straight month of producer deflation and the lowest reading since February 2024, as costs dropped further for non-domestic output (-4.1% vs -3.1% in November) and domestic output (-1.9% vs -1.8%). Among sectors, prices also continued to decline in manufacturing (-3.3% vs -1.9%) and mining and quarrying industry (-5.3% vs -3.8%). On the other hand, costs held steady for water collection, treatment, and supply (3.7%), while prices fell at a softer pace in electricity, gas, steam, and air-conditioning supply (-4.0% vs -5.6%). On a monthly basis, producer prices decreased by 0.4% in December, following a 0.3% drop in the preceding period.