Hungary’s producer prices fell by 2.9% year-on-year in January 2026, easing from a 3.4% drop in the previous month. Deflation softened for non-domestic output (-2.9% vs -4.1% in December 2025), while prices contracted more sharply for domestic output (-2.8% vs -1.9%). Among sectors, price increases were recorded in water collection, treatment, and supply (5.6% vs 3.7%), while costs declined at a slower pace for electricity, gas, steam, and air-conditioning supply (-2% vs -4%) and mining and quarrying (-5% vs -5.3%). Meanwhile, prices in the manufacturing sector remained unchanged at -3.3%, weighed down by lower costs in the manufacture of vehicles (-4.9% vs -4.3%), chemical and chemical products (-7.8% vs -6.1%), and coke production and petroleum processing (-19.5% vs -15.5%). On a monthly basis, producer prices grew by 0.9% in January, rebounding from a -0.4% fall in the preceding period.