The annual inflation rate in Hungary rose to 6.5 percent in October of 2021 from 5.5 percent in the prior month, beating market estimates of a 6.0 percent hike. The latest reading came well above the central bank’s target range upper limit of 4.0 percent and was the highest inflation rate since September of 2012. Main upward pressure came from prices of transportation (16.0 percent vs 11.3 percent in September); alcoholic beverages & tobacco (12.2 percent vs 12.3 percent); and food & non-alcoholic beverages (4.7 percent vs 3.8 percent). The core inflation rate quickened to a 14-month high of 4.7 percent, compared to 4.0 percent in September and market forecasts of 4.1 percent. On a monthly basis, consumer prices advanced 1.1 percent, the fastest pace since July last year, following a 0.2 percent increase in the prior month. source: Hungarian Central Statistical Office
Inflation Rate in Hungary averaged 8.45 percent from 1992 until 2021, 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 November of 2021.
Inflation Rate in Hungary is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Inflation Rate is projected to trend around 3.70 percent in 2022 and 3.20 percent in 2023, according to our econometric models.