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.