Hungary Inflation at 3-Month High

The annual inflation rate in Hungary rose to 2.0% in October 2026 from 1.6% in the previous month, marking the highest reading since April. The increase was largely driven by higher prices for alcoholic beverages and tobacco products (3.2% vs 3.3% in September) and consumer durables (1.4% vs 1.2%). Inflation also rose faster for other goods, including fuels (4.1% vs 2.8%) and services (5.2% vs 4.9%). On the other hand, costs declined for food (-1.1% vs -1.3%), clothing items (-0.6% vs -0.4%), and household energy (-4.3% vs -4%). On a monthly basis, consumer prices increased by 0.4% in October, accelerating from a 0.2% gain in September and marking the fastest rise in six months. Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, rose 2.1% annually and 0.3% monthly.

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.