Hungary's annual inflation rate eased to 3.3 percent in July of 2019 from 3.4 percent in the previous month and in line with market expectations. It was the lowest rate since February, as transport cost declined (-1.1 percent vs 0.5 percent in June) while recreation & culture prices went up at a softer pace (1.6 percent vs 2.6 percent). Meanwhile, cost advanced faster for food & non-alcoholic beverages (5.8 percent vs 5.6 percent); alcoholic beverages & tobacco (8.9 percent vs 7.3 percent); miscellaneous goods & services (2.6 percent vs 2.3 percent) and health (3.9 percent vs 3.8 percent) while inflation was steady for housing & utilities (at 2.3 percent); furniture & household equipment (at 2.5 percent) and restaurants & hotels (at 6.4 percent). Meantime, core inflation edged down to 3.7 percent, its lowest level since February, from 3.8 percent in the prior month. On a monthly basis, consumer prices increased 0.2 percent, after a 0.2 percent drop in June. Inflation Rate in Hungary averaged 8.83 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 3.10 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 3.00 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.

Hungary Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-09 07:00 AM Inflation Rate YoY Apr 3.9% 3.7% 4% 3.5%
2019-06-07 07:00 AM Inflation Rate YoY May 3.9% 3.9% 3.9% 3.3%
2019-07-09 07:00 AM Inflation Rate YoY Jun 3.4% 3.9% 3.6% 3.6%
2019-08-08 07:00 AM Inflation Rate YoY Jul 3.3% 3.4% 3.3% 3.3%
2019-09-10 07:00 AM Inflation Rate YoY Aug 3.3% 3.2%
2019-10-08 07:00 AM Inflation Rate YoY Sep 3.1%
2019-11-08 08:00 AM Inflation Rate YoY Oct


Hungary Prices Last Previous Highest Lowest Unit
Inflation Rate 3.30 3.40 31.00 -1.40 percent [+]
Inflation Rate Mom 0.20 -0.20 2.10 -0.70 percent [+]
Harmonised Consumer Prices 109.98 109.75 110.00 29.31 Index Points [+]
Consumer Price Index CPI 1319.80 1316.60 1319.90 152.40 Index Points [+]
Core Consumer Prices 444.10 443.10 444.10 102.90 Index Points [+]
Core Inflation Rate 3.70 3.80 26.31 -0.60 percent [+]
GDP Deflator 154.89 158.43 158.43 34.10 Index Points [+]
Producer Prices 100.10 102.70 111.30 96.50 Index Points [+]
Producer Prices Change 0.10 2.70 11.30 -3.50 percent [+]
Export Prices 102.50 103.20 111.50 89.80 Index Points [+]
Import Prices 102.50 103.60 113.00 89.50 Index Points [+]
CPI Transportation 98.90 100.50 122.00 91.70 Index Points [+]
Food Inflation 5.80 5.60 18.50 -2.70 percent [+]


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. This page provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 31.00 -1.40 1992 - 2019 percent Monthly
1990=100, NSA




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jun/19
China 2.80 Jul/19
Euro Area 1.00 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.70 Jun/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 Jun/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


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