Hungary's inflation rate climbed to 4.7 percent year-on-year in January of 2020 from 4.0 percent in the previous month, above market expectations of 4.3 percent. The rate was the highest since December 2012, as prices advanced faster for food & non-alcoholic beverages (6.9 percent vs 5.7 percent in December); transport (6.6 percent vs 4.0 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). On the other hand, cost rose at a softer pace for housing & utilities (2.1 percent vs 2.2 percent) and alcoholic beverages & tobacco (7.7 percent vs 8.8 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.3 percent rise in the previous month. Meantime, core inflation edged up to 4.0 percent from 3.9 percent in the previous month.

Inflation Rate in Hungary averaged 8.74 percent from 1992 until 2020, 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.

Inflation Rate in Hungary is expected to be 3.50 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 3.10 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 3.10 percent in 2021 and 3.00 percent in 2022, according to our econometric models.


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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.70 4.00 31.00 -1.40 1992 - 2020 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-08 08:00 AM Oct 2.9% 2.8% 2.8% 2.6%
2019-12-10 08:00 AM Nov 3.4% 2.9% 3.3% 3.4%
2020-01-14 08:00 AM Dec 4% 3.4% 3.8% 3.9%
2020-02-13 08:00 AM Jan 4.7% 4% 4.3% 4.1%
2020-03-10 08:00 AM Feb 4.7% 3.9%
2020-04-08 07:00 AM Mar 3.5%
2020-05-08 07:00 AM Apr
2020-06-09 07:00 AM May


News Stream
Hungary Inflation Rate Highest since 2012
Hungary's inflation rate climbed to 4.7 percent year-on-year in January of 2020 from 4.0 percent in the previous month, above market expectations of 4.3 percent. The rate was the highest since December 2012, as prices advanced faster for food & non-alcoholic beverages (6.9 percent vs 5.7 percent in December); transport (6.6 percent vs 4.0 percent) and miscellaneous goods & services (2.7 percent vs 2.4 percent). On the other hand, cost rose at a softer pace for housing & utilities (2.1 percent vs 2.2 percent) and alcoholic beverages & tobacco (7.7 percent vs 8.8 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.3 percent rise in the previous month. Meantime, core inflation edged up to 4.0 percent from 3.9 percent in the previous month.
2020-02-13
Hungary Inflation Rate Jumps to 7-Year High
Hungary's inflation rate climbed to 4.0 percent year-on-year in December 2019 from 3.4 percent in the previous month, above market expectations of 3.8 percent. The rate was the highest since December 2012 and remained at the top of the central bank's inflation target range, mainly boosted by prices of food and non-alcoholic beverages (5.7 percent vs 5.2 percent), transport (4.0 percent vs 0.1 percent); alcoholic beverages, tobacco (8.8 percent vs 8.6 percent); and recreation and culture (0.9 percent vs 0.6 percent). Core inflation edged down to 3.9 percent from 4 percent in the previous month. For 2019 full year, average headline inflation came in at 3.4 percent.
2020-01-14
Hungary Inflation Rate Highest in 5 Months
The annual inflation rate in Hungary increased to 3.4 percent in November of 2019 from 2.9 percent in October and above market expectations of 3.3 percent. It is the highest reading in five months amid faster increases in prices of food and non-alcoholic beverages (5.2 percent compared to 5 percent in October) and restaurants and hotels (7.2 percent compared to 7 percent) and a rebound in cost of transport (0.1 percent compared to -2.2 percent). On the other hand, inflation eased slightly for housing and utilities (2.2 percent compared to 2.3 percent). On a monthly basis, consumer prices edged up 0.1 percent, after a 0.6 percent increase in the previous month.
2019-12-10
Hungary October Inflation Rate Edges Up to 2.9%
Hungary's annual inflation rate rose to 2.9 percent in October 2019 from 2.8 percent in the previous month while markets had expected it to remain steady. Main upward pressure came from prices of food & non-alcoholic beverages (5 percent vs 4.8 percent in September); alcoholic beverages & tobacco (8.6 percent, the same pace as in the prior month); restaurants & hotels (7 percent vs 6.5 percent) and health (4.4 percent vs 4.1 percent). Meanwhile, cost advanced at the same pace for housing & utilities (2.3 percent) and miscellaneous goods & services (2.6 percent) while it fell for transport (-2.2 percent, the same pace as in September). On a monthly basis, consumer prices increased 0.6 percent, after rising 0.1 percent in the previous month.
2019-11-08

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.