Annual inflation rate in Hungary declined to 2.2 percent in May 2020 from 2.4 percent in the previous month and below market expectations of 2.4 percent. It was the lowest inflation rate since March 2018, amid a slowdown in cost of food & non-alcoholic beverages (8.7 percent vs 8.9 percent in April); housing & utilities (1.6 percent vs 1.8 percent); restaurants & hotels (5.5 percent vs 6.9 percent); health (3.3 percent vs 3.4 percent); and recreation & culture (2 percent vs 2.1 percent). Also, cost of clothing & footwear dropped 1 percent, after rising 0.3 percent. On the other hand, transport prices fell at a softer pace (-10.4 percent vs -10.5 percent). On a monthly basis, consumer prices rose 0.4 percent, following a 0.6 percent decline in the prior month.
Inflation Rate in Hungary averaged 8.67 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 June of 2020.
Inflation Rate in Hungary is expected to be 2.30 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 2.20 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.