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.

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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.90 31.00 -1.40 1992 - 2020 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-13 08:00 AM Jan 4.7% 4% 4.3% 4.1%
2020-03-10 08:00 AM Feb 4.4% 4.7% 4.3% 4.5%
2020-04-08 07:00 AM Mar 3.9% 4.4% 3.6% 3.5%
2020-05-08 07:00 AM Apr 2.4% 3.9% 2.4% 2.6%
2020-06-09 07:00 AM May 2.4% 2.2%
2020-07-08 07:00 AM Jun 3%
2020-08-11 07:00 AM Jul
2020-09-09 07:00 AM Aug


News Stream
Hungary Inflation Rate Lowest in 2 Years
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.
2020-05-08
Hungary Inflation Rate Slows to 3.9% in March
Hungary's annual inflation rate declined to 3.9 percent in March 2020 from 4.4 percent in the previous month, but above market expectations of 3.6 percent. Prices eased for furnishings (1.8 percent vs 2 percent in February); and education (3.3 percent vs 4 percent). Also, cost of transport dropped (-0.6 percent vs 4.2 percent). In contrast, prices advanced further for food & non-alcoholic beverages (7.7 percent vs 7 percent); recreation & culture (2.3 percent vs 2.1 percent); and clothing & footwear (1.1 percent vs 0.9 percent). Additionally, inflation was steady for housing & utilities (at 2 percent); alcoholic beverages & tobacco (at 7.6 percent) and health (at 3.9 percent). Meanwhile, core inflation increased to 4.3 percent, the highest level since December 2012, from 4.1 percent in the prior month. On a monthly basis, consumer prices went up 0.2 percent, slowing from a 0.3 percent gain in February.
2020-04-08
Hungary February Inflation Rate Slows to 4.4% in February
Hungary's annual inflation rate fell to 4.4 percent in February of 2020 from 4.7 percent in the previous month, though slightly above market forecasts of 4.3 percent. Prices slowed mostly for transport (4.2 percent vs 6.6 percent in January); housing & utilities (2 percent vs 2.1 percent); alcoholic beverages & tobacco (7.6 percent vs 7.7 percent) and health (3.9 percent vs 4.2 percent). On the other hand, inflation edged higher for food & non-alcoholic beverages (7 percent vs 6.9 percent), of which pork meat (27.3 percent); recreation & culture (2.1 percent vs 1.8 percent); education (4 percent vs 3.5 percent); clothing & footwear (0.9 percent vs 0.5 percent) and furnishings (2 percent vs 1.9 percent). Meanwhile, core inflation rose to 4.1 percent, the highest level since December of 2012, from 4 percent in the prior month. On a monthly basis, consumer prices went up 0.3 percent, slowing from a 0.9 percent rise in the previous month.
2020-03-10
Hungary Inflation Rate Highest since 2012
Hungary's inflation rate climbed to 4.7 percent year-on-year in January of 2020 from 4.0 percent in the previous month, above market expectations of 4.3 percent. The rate was the highest since December 2012, as prices advanced faster for food & non-alcoholic beverages (6.9 percent vs 5.7 percent in December); transport (6.6 percent vs 4.0 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). On the other hand, cost rose at a softer pace for housing & utilities (2.1 percent vs 2.2 percent) and alcoholic beverages & tobacco (7.7 percent vs 8.8 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.3 percent rise in the previous month. Meantime, core inflation edged up to 4.0 percent from 3.9 percent in the previous month.
2020-02-13

Hungary Inflation Rate
In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (21.3 percent of total weight). Transport accounts for 16.2 percent; Housing and Utilities for 13.2 percent; Alcoholic beverages and Tobacco for 8.3 percent; Recreation and Culture for 7.7 percent and Miscellaneous Goods and Services for 7.3 percent. Restaurants and Hotels; Health; Furniture, Household Goods and Maintenance; Communication; Clothing and Footwear and Education account for the remaining 26 percent of total weight.