The annual inflation rate in Hungary slowed to 1.2% in July 2026 from 1.7% in the previous month, marking the lowest reading since November 2016. The slowdown was largely driven by declines in prices for food products (-1.1% vs 0.2%) and household energy (-4.3% vs -2.3% in June). At the same time, price growth softened alcoholic beverages, tobacco products (2.9% vs 3.1%), clothing items (0.6% vs 1.4%), consumer durables (1.8% vs 1.9%), and other goods, including fuels (0.3% vs 1.1%). On the other hand, inflation accelerated for services, climbing 4.7% from 4% in the prior month. On a monthly basis, consumer prices fell by 0.1%, after remaining unchanged for the past two months. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, edged up to 1.9% in July from 2% in the preceding period. source: Hungarian Central Statistical Office

Inflation Rate in Hungary decreased to 1.20 percent in July from 1.70 percent in June of 2026. Inflation Rate in Hungary averaged 8.52 percent from 1992 until 2026, reaching an all time high of 31.00 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 August of 2026.

Inflation Rate in Hungary decreased to 1.20 percent in July from 1.70 percent in June of 2026. Inflation Rate in Hungary is expected to be 2.00 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 3.00 percent in 2027 and 2.60 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-07-07 06:30 AM
Inflation Rate YoY
Jun 1.7% 1.8% 1.8% 1.7%
2026-08-07 06:30 AM
Inflation Rate YoY
Jul 1.2% 1.7% 1.8%
2026-09-08 06:30 AM
Inflation Rate YoY
Aug 1.2%



Components Last Previous Unit Reference
Food Inflation -4.40 -2.40 percent Jul 2026

Related Last Previous Unit Reference
CPI 2108.00 2110.10 points Jul 2026
Core Consumer Prices 658.30 656.30 points Jul 2026
Core Inflation Rate YoY 1.90 2.00 percent Jul 2026
CPI Transportation 99.10 99.50 points Jul 2026
Export Prices 97.90 101.00 points Jun 2026
GDP Deflator 167.02 162.99 points Mar 2026
Import Prices 97.40 95.40 points Jun 2026
Inflation Rate YoY 1.20 1.70 percent Jul 2026
Inflation Rate MoM -0.10 0.00 percent Jul 2026
Producer Prices 147.90 147.70 points Jun 2026
PPI YoY -0.40 -0.70 percent Jun 2026


Hungary Inflation Rate
In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 12 percent; Alcoholic beverages, Tobacco and Narcotics for 9 percent; Recreation and Culture for 7 percent; Miscellaneous Goods and Services for 7 percent; and Furniture, Household Equipment and Maintenance for 7 percent. Health; Restaurants and Hotels; Communication; Clothing and Footwear; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
1.20 1.70 31.00 -1.40 1992 - 2026 percent Monthly
1990=100, NSA

News Stream
Hungary Inflation Rate Lowest Since 2016
The annual inflation rate in Hungary slowed to 1.2% in July 2026 from 1.7% in the previous month, marking the lowest reading since November 2016. The slowdown was largely driven by declines in prices for food products (-1.1% vs 0.2%) and household energy (-4.3% vs -2.3% in June). At the same time, price growth softened alcoholic beverages, tobacco products (2.9% vs 3.1%), clothing items (0.6% vs 1.4%), consumer durables (1.8% vs 1.9%), and other goods, including fuels (0.3% vs 1.1%). On the other hand, inflation accelerated for services, climbing 4.7% from 4% in the prior month. On a monthly basis, consumer prices fell by 0.1%, after remaining unchanged for the past two months. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, edged up to 1.9% in July from 2% in the preceding period.
2026-08-07
Hungary Inflation Rate Eases in June
The annual inflation rate in Hungary edged down to 1.7% in June 2026 from 1.8% in the previous month, coming in below market expectations of 1.8%. The slowdown was driven by softer price increases for food (0.2% vs 0.5% in May), alcoholic beverages and tobacco products (3.1% vs 3.3%), consumer durables (1.9% vs 2.4%), and services (4.0% vs 4.3%). At the same time, household energy costs continued to decline, falling 2.3% after a 2.0% drop in the previous month. In contrast, inflation accelerated slightly for clothing items (1.4% vs 1.1%) and other goods, including fuels (1.1% vs 0.4%). On a monthly basis, consumer prices remained unchanged compared from the preceding period. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, stood at 2% in June, unchanged from the prior month.
2026-07-07
Hungary Inflation Slows in May
The annual inflation rate in Hungary eased to 1.8% in May 2026 from a three-month high of 2.1% in the previous month, falling short of market expectations of 2.3%. The slowdown was due largely by softer price increases in food (0.5% vs 1.5% in April), alcoholic beverages, tobacco products (3.3% vs 4.1%), and consumer durables (2.4% vs 2.7%). At the same time, costs for household energy declined by 2% after falling 0.4% in the prior month. On the other hand, inflation accelerated for clothing (1.1% vs 0.8%), other goods, including other items and fuels (0.4% vs 0.1%), and services (4.3% vs 4%). On a monthly basis, consumer prices were unchanged in May, after rising 0.4% in the preceding period. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, slowed to 2% from 2.2% in April, below market forecasts of 2.3%.
2026-06-09