Hungary's consumer price inflation rate was unchanged at 2.7 percent year-on-year in January 2021, in line with market expectations. Upward pressure came from food and non-alcoholic beverages (3.4 percent vs 4.4 percent in December), housing and utilities (0.9 percent, the same as in December), alcoholic beverages, tobacco (11.2 percent vs 10.2 percent), recreation and culture (1.0 percent vs 2.1 percent), and miscellaneous goods and services (3.5 percent, the same as in December). By contrast, transport cost fell 1.0 percent, easing from a 1.8 percent decline. On a monthly basis, consumer prices increased 0.9 percent in January, following a 0.3 percent gain in December. source: Hungarian Central Statistical Office
Inflation Rate in Hungary averaged 8.55 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 March of 2021.
Inflation Rate in Hungary is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Hungary to stand at 2.40 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.40 percent in 2022 and 3.00 percent in 2023, according to our econometric models.