Annual inflation rate in Hungary increased to 15.6% in August of 2022, the highest since May of 1998, from 13.7% in July, and in line with market expectations. Food prices went up 30.9%, led by margarine, bread, cheese, pasta products and milk products. Other price increases were alos seen for consumer durables (20.9%), alcoholic beverage and tobacco (13.1%), and services (7.7%), namely taxi (27.3%), repair and maintenance of dwellings (21.7%), repair and maintenance of vehicles (18.1%), recreational services (13.5%) and rents (12.5%). Compared to the previous month, consumer prices increased 1.8%. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.50 percent from 1992 until 2022, 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 September of 2022.

Inflation Rate in Hungary is expected to be 16.50 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 4.50 percent in 2023 and 3.20 percent in 2024, according to our econometric models.

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Hungary Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-08-09 07:00 AM Jul 13.7% 11.7% 13.1% 12.7%
2022-09-08 07:00 AM Aug 15.6% 13.7% 15.6% 15%
2022-10-11 07:00 AM Sep 15.6% 16.5%


Related Last Previous Unit Reference
Inflation Rate 15.60 13.70 percent Aug 2022
Inflation Rate MoM 1.80 2.30 percent Aug 2022
Consumer Price Index CPI 1659.90 1630.00 points Aug 2022
Core Inflation Rate 19.00 16.70 percent Aug 2022
Core Consumer Prices 515.60 503.70 points Aug 2022
GDP Deflator 146.82 136.10 points Jun 2022
Producer Prices 178.00 168.40 points Jul 2022
Producer Prices Change 37.90 35.00 percent Jul 2022
Export Prices 128.90 124.30 points Jun 2022
Import Prices 136.50 131.80 points Jun 2022
Food Inflation 33.10 28.80 percent Aug 2022
CPI Transportation 112.60 111.70 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
15.60 13.70 31.00 -1.40 1992 - 2022 percent Monthly
1990=100, NSA

News Stream
Hungary Inflation Rate Hits Fresh 1998-High
Annual inflation rate in Hungary increased to 15.6% in August of 2022, the highest since May of 1998, from 13.7% in July, and in line with market expectations. Food prices went up 30.9%, led by margarine, bread, cheese, pasta products and milk products. Other price increases were alos seen for consumer durables (20.9%), alcoholic beverage and tobacco (13.1%), and services (7.7%), namely taxi (27.3%), repair and maintenance of dwellings (21.7%), repair and maintenance of vehicles (18.1%), recreational services (13.5%) and rents (12.5%). Compared to the previous month, consumer prices increased 1.8%.
2022-09-08
Hungary July Inflation Rate Hits 24-Year High
The annual inflation rate in Hungary picked up to 13.7% in July of 2022 from 11.7% in the previous month, surpassing market expectations of 13.1%. It was the highest inflation rate since July of 1998 and well above the central bank’s target ceiling of 4%. Upward pressure came mostly from prices of food & non-alcoholic beverages (28.8% vs 23.1% in June); alcoholic beverages & tobacco (11.1% vs 6.9%); furnishings & household maintenance (14.9% vs 13.8%) and restaurants & hotels (18.4% vs 17%). The annual core inflation rate rose to a 25-year high of 16.7%, above market forecasts of 14.8%. On a monthly basis, consumer prices inched up by 2.3%, compared to a 1.5% advance in the prior month.
2022-08-09
Hungary Inflation Rate at 21-Year High
The annual inflation rate in Hungary accelerated to 10.7 percent in May of 2022 from 9.5 percent in the previous month, surpassing market expectations of 10.5 percent. It was the highest inflation rate since May of 2001 and well above the central bank’s target ceiling of 4 percent. Main upward pressure came from food and non-alcoholic beverages (19.4 percent vs 16.2 percent in April), housing and utilities (5.8 percent vs 5.3 percent), furnishings and household maintenance (12.4 percent vs 10.6 percent), and restaurants and hotels (15 percent vs 13.1 percent). While remaining high, prices decelerated for transportation (13.2 percent vs 13.5 percent) amid slower prices for fuels and lubricants (10.8 percent vs 12.7 percent). The core inflation rate rose to a 1998-high of 12.2 percent, well above expectations of an 11.1 percent rise. On a monthly basis, consumer prices went up by 1.7 percent, compared to a 1.6 percent advance in the prior month.
2022-06-08