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.