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.

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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.10 5.10 31.00 -1.40 1992 - 2021 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-03-09 08:00 AM Feb 3.1% 2.7% 3.1% 2.8%
2021-04-09 07:00 AM Mar 3.7% 3.1% 3.7% 3.5%
2021-05-11 07:00 AM Apr 5.1% 3.7% 5% 4.9%
2021-06-09 07:00 AM May 5.1% 5.1% 5.3% 5.2%
2021-07-08 07:00 AM Jun 5.1%
2021-08-10 07:00 AM Jul
2021-09-08 07:00 AM Aug
2021-10-08 07:00 AM Sep


News Stream
Hungary Inflation Rate Unchanged at 5.1% in May
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.
2021-06-09
Hungary Inflation Rate Surges to Near 8-1/2-Year High of 5.1%
The annual inflation rate in Hungary soared to 5.1 percent in April of 2021 from 3.7 percent in the previous month and above market expectations of 5 percent. It was the highest inflation since November of 2012, as prices advanced faster for transport (16.5 percent vs 7.8 percent in March); housing & utilities (4.1 percent vs 3.4 percent); alcoholic beverages & tobacco (13.6 percent vs 11.7 percent); recreation & culture (1.5 percent vs 1.1 percent); miscellaneous goods & services (3.9 percent vs 3.3 percent); furniture & household equipment (4.1 percent vs 3.4 percent); health (5 percent vs 4.5 percent) and education (3.7 percent vs 3.1 percent). Meantime, cost slowed for food & non-alcoholic beverages (1.7 percent vs 2.1 percent) and restaurant & hotels (3.6 percent vs 3.7 percent). On a monthly basis, consumer prices went up 0.8 percent, following a 0.7 percent gain in March.
2021-05-11
Hungary Inflation Rate Rises to 7-Month High
The annual inflation rate in Hungary increased to 3.7 percent in March 2021, from 3.1 percent in February and in line with market expectations. It is the fastest inflation rate since August 2020, as prices continued to rise in transports (7.8 percent vs 2.6 percent in February); alcoholic beverages, tobacco (11.7 percent vs 11.3 percent); food and non-alcoholic beverages (2.1 percent vs 2.8 percent); recreation and culture (1.1 percent vs 1.0 percent); housing and utilities (0.9 percent vs 0.8 percent); and miscellaneous goods and services (3.3 percent vs 3.5 percent). On a monthly basis, consumer prices increased 0.7 percent in March, the same as in the previous month.
2021-04-09
Hungary Inflation Rate Rises to 3.1% in February
The annual inflation rate in Hungary increased to 3.1 percent in February 2021, from 2.7 percent in January and in line with market expectations. Upward pressure came from transport (2.6 percent vs -1.0 percent in January); alcoholic beverages, tobacco (11.3 percent vs 11.2 percent); recreation and culture (1.0 percent, the same as in January); housing and utilities (0.8 percent vs 0.9 percent); food and non-alcoholic beverages (2.8 percent vs 3.4 percent); and miscellaneous goods and services (3.5 percent, the same as in January). On a monthly basis, consumer prices increased 0.7 percent in February, following a 0.9 percent gain in January.
2021-03-09

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.