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.