The annual inflation rate in Hungary rose to 6.5 percent in October of 2021 from 5.5 percent in the prior month, beating market estimates of a 6.0 percent hike. The latest reading came well above the central bank’s target range upper limit of 4.0 percent and was the highest inflation rate since September of 2012. Main upward pressure came from prices of transportation (16.0 percent vs 11.3 percent in September); alcoholic beverages & tobacco (12.2 percent vs 12.3 percent); and food & non-alcoholic beverages (4.7 percent vs 3.8 percent). The core inflation rate quickened to a 14-month high of 4.7 percent, compared to 4.0 percent in September and market forecasts of 4.1 percent. On a monthly basis, consumer prices advanced 1.1 percent, the fastest pace since July last year, following a 0.2 percent increase in the prior month. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.45 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 December of 2021.

Inflation Rate in Hungary is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Inflation Rate is projected to trend around 3.70 percent in 2022 and 3.20 percent in 2023, according to our econometric models.

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Hungary Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-08 07:00 AM Sep 5.5% 4.9% 5.5% 5.2%
2021-11-09 08:00 AM Oct 6.5% 5.5% 6% 6.1%
2021-12-08 08:00 AM Nov 6.5% 7.3% 7.2%


Related Last Previous Unit Reference
Inflation Rate 6.50 5.50 percent Oct/21
Inflation Rate Mom 1.10 0.20 percent Oct/21
Consumer Price Index CPI 1455.40 1438.30 points Oct/21
Core Inflation Rate 4.70 4.00 percent Oct/21
Core Consumer Prices 439.10 436.30 points Oct/21
GDP Deflator 128.46 128.75 points Sep/21
Producer Prices 138.90 132.90 points Oct/21
Producer Prices Change 18.50 14.00 percent Oct/21
Export Prices 108.00 109.60 points Sep/21
Import Prices 113.00 112.60 points Sep/21
Food Inflation 4.70 3.80 percent Oct/21
CPI Transportation 116.00 111.30 points Oct/21

News Stream
Hungary Inflation Rate at 9-Year High
The annual inflation rate in Hungary rose to 6.5 percent in October of 2021 from 5.5 percent in the prior month, beating market estimates of a 6.0 percent hike. The latest reading came well above the central bank’s target range upper limit of 4.0 percent and was the highest inflation rate since September of 2012. Main upward pressure came from prices of transportation (16.0 percent vs 11.3 percent in September); alcoholic beverages & tobacco (12.2 percent vs 12.3 percent); and food & non-alcoholic beverages (4.7 percent vs 3.8 percent). The core inflation rate quickened to a 14-month high of 4.7 percent, compared to 4.0 percent in September and market forecasts of 4.1 percent. On a monthly basis, consumer prices advanced 1.1 percent, the fastest pace since July last year, following a 0.2 percent increase in the prior month.
2021-11-09
Hungary September Inflation Rate Highest since 2012
The annual inflation rate in Hungary rose to 5.5% in September of 2021 from 4.9% in the prior month, as expected, but above the central bank’s target range of 3.0% plus or minus 1.0 percentage point. That was the highest rate since October of 2012, mainly boosted by rising prices of alcoholic beverages & tobacco (12.3% vs 11.5% in August) and transportation (11.3% vs 11.1%), of which motor fuels. The core inflation rate quickened to 4% in September, the most in seven months, compared to 3.6% in the prior month. On a monthly basis, consumer prices went up 0.2%, the same as in the previous month.
2021-10-08
Hungary August Inflation Rate Quickens to 4.9%
The annual inflation rate in Hungary rose to 4.9% in August of 2021 from 4.6% in the prior month, above market expectations of 4.7% and the central bank’s target range of 3.0% plus or minus 1.0 percentage point. Main upward pressure came from alcoholic beverages & tobacco (11.5% vs 12.4% in July); transport (11.1% vs 10.1%); food & non-alcoholic beverages (3% vs 2.4%); restaurants & hotels (5.8% vs 5.2%) and furnishings (5.3% vs 5%). The annual core inflation was 3.6% in August, up from 3.5% in July, in line with market forecasts. On a monthly basis, consumer prices went up 0.2%, the least in nine months, following a 0.5% increase in the prior month.
2021-09-08

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.