Hungary Inflation at 3-Month High

The annual inflation rate in Hungary rose to 1.6% in September 2026 from 1.3% in the previous month, marking the highest reading since June. The increase was largely driven by higher prices for alcoholic beverages and tobacco products (3.3% vs 3.2% in August) and other goods, including fuels (2.8% vs 1.2%). Inflation also continued to rise for consumer durables (1.2% vs 1.5%) and services (4.9% vs 5%). In contrast, costs declined for food (-1.3% vs -1.4%), clothing items (-0.4% vs -0.2%), and household energy (-0.4% vs -4.3%). On a monthly basis, consumer prices increased by 0.2% in September, the same pace as in the preceding period. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, edged lower to 1.9% from 2% in the prior month.

The annual inflation rate in Hungary edged up to 1.3% in August 2026 from 1.2% in July, which was the lowest reading since November 2016. The increase was largely driven by higher prices for alcoholic beverages, tobacco products (3.2% vs 2.9% in July), consumer durables (1.5% vs 1.8%), and other goods, including fuels (1.2% vs 0.3%). Inflation also picked up for services, rising 5% from 4.7% in the previous month. In contrast, costs declined for food (-1.4% vs -1.1%), clothing items (-0.2% vs 0.6%), and household energy (-4.3% vs -4.3%). On a monthly basis, consumer prices rose by 0.2%, rebounding from a 0.1% fall in the preceding period. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, ticked higher to 2% in August from 1.9% in the prior month.

The annual inflation rate in Hungary slowed to 1.2% in July 2026 from 1.7% in the previous month, marking the lowest reading since November 2016. The slowdown was largely driven by declines in prices for food products (-1.1% vs 0.2%) and household energy (-4.3% vs -2.3% in June). At the same time, price growth softened alcoholic beverages, tobacco products (2.9% vs 3.1%), clothing items (0.6% vs 1.4%), consumer durables (1.8% vs 1.9%), and other goods, including fuels (0.3% vs 1.1%). On the other hand, inflation accelerated for services, climbing 4.7% from 4% in the prior month. On a monthly basis, consumer prices fell by 0.1%, after remaining unchanged for the past two months. Meanwhile, the annual core inflation rate, which excludes volatile items such as food and energy, edged up to 1.9% in July from 2% in the preceding period.