Consumer prices in Hungary increased 2.7 percent from a year earlier in December 2020, the same as in the previous month, which was the smallest rise since May. Inflation was steady for housing & utilities (at 0.9 percent) and recreation & culture (at 2.1 percent). Meantime, cost of food rose 4.4 percent, the least since January 2019 and compared to November’s 6 percent. Also, prices continued to fall for both transport (-1.8 percent vs -3.1 percent) and communication (-2.6 percent vs -1.8 percent). On a monthly basis. Consumer prices went up 0.3 percent, rebounding from a 0.2 percent fall in November. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.56 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 January of 2021.

Inflation Rate in Hungary is expected to be 2.50 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 2.40 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.40 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.70 31.00 -1.40 1992 - 2020 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-08 07:00 AM Sep 3.4% 3.9% 3.9% 3.7%
2020-11-10 08:00 AM Oct 3% 3.4% 3.1% 3.2%
2020-12-08 08:00 AM Nov 2.7% 3% 2.9% 3%
2021-01-14 08:00 AM Dec 2.7% 2.7% 2.8% 2.6%
2021-02-12 08:00 AM Jan 2.7% 2.3%
2021-03-09 08:00 AM Feb
2021-04-09 07:00 AM Mar
2021-05-11 07:00 AM Apr


News Stream
Hungary Inflation Holds Steady at 7-Month Low
Consumer prices in Hungary increased 2.7 percent from a year earlier in December 2020, the same as in the previous month, which was the smallest rise since May. Inflation was steady for housing & utilities (at 0.9 percent) and recreation & culture (at 2.1 percent). Meantime, cost of food rose 4.4 percent, the least since January 2019 and compared to November’s 6 percent. Also, prices continued to fall for both transport (-1.8 percent vs -3.1 percent) and communication (-2.6 percent vs -1.8 percent). On a monthly basis. Consumer prices went up 0.3 percent, rebounding from a 0.2 percent fall in November.
2021-01-14
Hungary Inflation Rate Slows to 6-Month Low of 2.7%
The annual inflation rate in Hungary decreased to 2.7 percent in November of 2020 from 3 percent in the previous month and below market expectations of 2.9 percent. It was the lowest inflation since May, as cost slowed for food & non-alcoholic beverages (6 percent vs 6.4 percent in October); housing & utilities (0.9 percent vs 1 percent); restaurant & hotels (5.1 percent vs 5.3 percent) and education (3.6 percent vs 3.7 percent). Meantime, prices fell further for transport (-3.1 percent vs -0.3 percent) and communication (-1.8 percent vs -3.2 percent). On a monthly basis, consumer prices went down 0.2 percent, after rising 0.2 percent in October.
2020-12-08
Hungary Inflation Rate Slows to 3%
The inflation rate in Hungary eased to 3 percent in October of 2020 from 3.4 percent in September and below market expectations of 3.1 percent. It is the lowest reading in four months, amid a slowdown in cost of food, alcoholic beverages and tobacco and a fall in motor fuels. On a monthly basis, consumer prices edged up 0.2 percent.
2020-11-10
Hungary Inflation Rate Below Forecasts in September
Hungary's annual inflation rate fell to 3.4 percent in September 2020 from 3.9 percent in the previous month, and below market expectations of 3.9 percent. Prices rose at a slower pace for food and non-alcoholic beverages (7.3 percent vs 7.9 percent in August), housing and utilities (1.1 percent vs 1.3 percent), alcoholic beverages, tobacco (6.9 percent vs 7.6 percent), and recreation and culture (1.3 percent vs 2.5 percent). Meanwhile, transport prices rebounded slightly (0.1 percent vs -0.6 percent), while miscellaneous goods and services inflation was flat (at 3.1 percent). The core inflation rate, which excludes volatile items, slowed sharply to 4.0 percent in September from 4.7 percent in August and below forecasts of 4.6 percent.
2020-10-08

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.