Annual inflation rate in Hungary fell to 2.4 percent in April of 2020 from 3.9 percent in March, matching market forecasts. It is the smallest inflation rate since April of 2018, mainly due to a 22.7 percent plunge in motor fuel prices due to falls in international oil markets. On the other hand, main upward pressure came from cost of food (8.7 percent), alcoholic beverages and tobacco (7.2 percent) and services (3 percent); namely games of chance (7.8 percent) and rents (5.6 percent). On a monthly basis, consumer prices were down 0.6 percent, the biggest monthly drop since September of 2015.
Inflation Rate in Hungary averaged 8.69 percent from 1992 until 2020, reaching an all time high of 31 percent in June of 1995 and a record low of -1.40 percent in January of 2015. This page provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2020.
Inflation Rate in Hungary is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Hungary to stand at 3.10 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 3.10 percent in 2021 and 3.00 percent in 2022, according to our econometric models.