Hungary's annual inflation rate fell to 3.4 percent in September 2020 from 3.9 percent in the previous month, and below market expectations of 3.9 percent. Prices rose at a slower pace for food and non-alcoholic beverages (7.3 percent vs 7.9 percent in August), housing and utilities (1.1 percent vs 1.3 percent), alcoholic beverages, tobacco (6.9 percent vs 7.6 percent), and recreation and culture (1.3 percent vs 2.5 percent). Meanwhile, transport prices rebounded slightly (0.1 percent vs -0.6 percent), while miscellaneous goods and services inflation was flat (at 3.1 percent). The core inflation rate, which excludes volatile items, slowed sharply to 4.0 percent in September from 4.7 percent in August and below forecasts of 4.6 percent.
Inflation Rate in Hungary averaged 8.61 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. Hungary Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Inflation Rate in Hungary is expected to be 3.30 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 2.60 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.40 percent in 2021 and 3.00 percent in 2022, according to our econometric models.