Hungary Inflation Rate Picks Up to 2.1%

2026-05-08 07:29 By Kyrie Dichosa 1 min. read

The annual inflation rate in Hungary rose to 2.1% in April 2026 from 1.8% in March, marking a three-month high.

The acceleration was driven mainly by higher food prices, which rose to 1.5% after stalling in March, and a rebound in other goods, including other items and fuels (0.1% vs -0.7%).

In contrast, price growth slowed in several categories, with alcoholic beverages and tobacco easing to 4.1% from 5.5%, clothing to 0.8% from 1.4%, and services edging down slightly to 4.0% from 4.1%, while consumer durables were unchanged at 2.7%.

Household energy recorded a sharp swing, falling 0.4% from a 4.3% increase in March.

On a monthly basis, consumer prices rose 0.4%, the same pace as in the prior period.

Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, rose to 2.2% from 1.9% in March, slightly below market expectations of 2.3%.



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Hungary Inflation Rate Picks Up to 2.1%
The annual inflation rate in Hungary rose to 2.1% in April 2026 from 1.8% in March, marking a three-month high. The acceleration was driven mainly by higher food prices, which rose to 1.5% after stalling in March, and a rebound in other goods, including other items and fuels (0.1% vs -0.7%). In contrast, price growth slowed in several categories, with alcoholic beverages and tobacco easing to 4.1% from 5.5%, clothing to 0.8% from 1.4%, and services edging down slightly to 4.0% from 4.1%, while consumer durables were unchanged at 2.7%. Household energy recorded a sharp swing, falling 0.4% from a 4.3% increase in March. On a monthly basis, consumer prices rose 0.4%, the same pace as in the prior period. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, rose to 2.2% from 1.9% in March, slightly below market expectations of 2.3%.
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Hungary March Inflation Rises to 1.8%
The annual inflation rate in Hungary rose to 1.8% in March 2026 from a more than nine-year low of 1.4% in the previous month. Main upward pressures came from higher costs of alcoholic beverages and tobacco (5.5% vs 5.8% in February), fuel and power (4.3% vs 4.2%), services (4.1% vs 4.2%), and clothing and footwear (1.4% vs 0.7%). On the other hand, prices continued to decline for other goods, including motor fuels, down 0.7% after a 3.1% drop in February. On a monthly basis, consumer prices rose by 0.4% in March, the sharpest increase since July last year, following a 0.1% gain in the preceding period. Meanwhile, annual core inflation rate, which excludes volatile items such as food and energy, slowed to 1.9% in March, marking the softest rise since September 2018 and down from 2.1% in the prior month.
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Hungary Inflation Slows to Over 9-Year Low
The annual inflation rate in Hungary slowed to 1.4% in February 2026 from 2.1% in the previous month, below market forecasts of 1.7%. This marked the lowest reading since November 2016, mainly due to slower cost increases for food (0.2% vs 1.3% in January), clothing and footwear (0.7% vs 1.6%), fuel and power (4.2% vs 6.2%), and services (4.2% vs 5%). On the other hand, prices declined at a softer pace for other goods, including motor fuels (-3.1% vs -3.5%). On a monthly basis, consumer prices rose by 0.1% in February, easing from a 0.3% gain in the preceding period. Meanwhile, annual core inflation rate, which excludes volatile items such as food and energy, slowed to 2.1% in February from 2.7% in the prior month, marking the softest rise since September 2018.
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