Consumer prices in Hungary climbed 5.1 percent in May of 2021, the same as in the previous month and missed market expectations of a 5.3 percent jump. It remained the highest inflation since November of 2012, underpinned by hikes in prices of transport (15.6 percent vs 16.5 percent in April), mainly lifted by a 36.2 percent surge in costs of fuel; and alcoholic beverages & tobacco (13.7 percent vs 13.6 percent), of which, tobacco jumped 19.8 percent. Inflationary pressure was also seen in miscellaneous goods & services (4.0 percent vs 3.9 percent); furniture & household equipment (4.4 percent vs 4.1 percent); health (5.2 percent vs 5.0 percent); food & non-alcoholic beverages (1.8 percent vs 1.7 percent); housing & utilities (1.3 percent vs 1.1 percent); and restaurants & hotels (4.4 percent vs 3.6 percent). On a monthly basis, consumer prices went up 0.5 percent, easing from a 0.8 percent increase in April. source: Hungarian Central Statistical Office
Inflation Rate in Hungary averaged 8.50 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 June of 2021.
Inflation Rate in Hungary is expected to be 5.20 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 2.70 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.90 percent in 2022 and 3.00 percent in 2023, according to our econometric models.