Annual inflation in Hungary rose to 3.9 percent in April of 2019 from 3.7 percent in March, missing market expectations of 4.0 percent. Still, it was the highest inflation rate since December of 2012, as cost went up faster for transport (4.7 percent vs 3.7 percent in March); alcoholic beverages & tobacco (9.1 percent vs 8.6 percent); recreation & culture (2.0 percent vs 1.8 percent); miscellaneous goods & services (2.0 percent vs 1.8 percent) and for restaurants & hotels (6.1 percent vs 5.9 percent). On the other hand, prices rose at a softer pace for food and non-alcoholic beverages (5.0 percent vs 5.2 percent); furniture & household equipment (1.9 percent vs 2.1 percent) and clothing & footwear (0.5 percent vs 1.2 percent) while inflation was steady for housing & utilities (at 2.2 percent) and for health (at 3.6 percent). On a monthly basis, consumer prices increased 0.9 percent, following a 0.7 percent rise in March. Inflation Rate in Hungary averaged 8.88 percent from 1992 until 2019, reaching an all time high of 31 percent in June of 1995 and a record low of -1.40 percent in January of 2015.
Inflation Rate in Hungary is expected to be 3.40 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 3.00 percent in 2020, according to our econometric models.