The annual inflation rate in Hungary accelerated to 24.5% in December of 2022 from 22.5% in the previous month and below market forecasts of 26%. The rate was the highest since March 1996, as prices advanced for food (44.8%), boosted by cheese, eggs, bread, butter and milk products; electricity, gas and other fuels (55.5%), particularly natural and manufactured gas; consumer durables (13.6%), including new passenger cars and kitchen and other furniture; alcoholic beverage and tobacco (13.4%); and services (9.5%). Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, increased 24.8%, also the highest since April of 1996 and slightly above market forecasts of 24.6%. On a monthly basis, consumer price inflation edged up to 1.9%. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.64 percent from 1992 until 2022, reaching an all time high of 31.00 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 February of 2023.

Inflation Rate in Hungary is expected to be 18.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Hungary Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-12-08 08:00 AM Nov 22.5% 21.1% 22.2% 21.2%
2023-01-13 07:30 AM Dec 24.5% 22.5% 26% 25.1%
2023-02-10 07:30 AM Jan 24.5% 25.0%


Related Last Previous Unit Reference
Inflation Rate 24.50 22.50 percent Dec 2022
Inflation Rate MoM 1.90 1.80 percent Dec 2022
Consumer Price Index CPI 1828.30 1794.20 points Dec 2022
Core Inflation Rate 24.80 24.00 percent Dec 2022
Core Consumer Prices 558.70 548.80 points Dec 2022
GDP Deflator 156.14 147.09 points Sep 2022
Producer Prices 193.80 194.00 points Dec 2022
Producer Prices Change 34.90 37.00 percent Dec 2022
Export Prices 121.90 127.10 points Nov 2022
Import Prices 128.70 135.00 points Nov 2022
CPI Transportation 120.20 107.30 points Dec 2022
Food Inflation 47.80 47.10 percent Dec 2022

Hungary Inflation Rate
In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 12 percent; Alcoholic beverages, Tobacco and Narcotics for 9 percent; Recreation and Culture for 7 percent; Miscellaneous Goods and Services for 7 percent; and Furniture, Household Equipment and Maintenance for 7 percent. Health; Restaurants and Hotels; Communication; Clothing and Footwear; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
24.50 22.50 31.00 -1.40 1992 - 2022 percent Monthly
1990=100, NSA

News Stream
Hungary December Inflation Rate at Over 26-Year High
The annual inflation rate in Hungary accelerated to 24.5% in December of 2022 from 22.5% in the previous month and below market forecasts of 26%. The rate was the highest since March 1996, as prices advanced for food (44.8%), boosted by cheese, eggs, bread, butter and milk products; electricity, gas and other fuels (55.5%), particularly natural and manufactured gas; consumer durables (13.6%), including new passenger cars and kitchen and other furniture; alcoholic beverage and tobacco (13.4%); and services (9.5%). Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, increased 24.8%, also the highest since April of 1996 and slightly above market forecasts of 24.6%. On a monthly basis, consumer price inflation edged up to 1.9%.
2023-01-13
Hungary November Inflation Rate Highest since 1996
The annual inflation rate in Hungary rose to 22.5% in November of 2022, hitting the highest since August of 1996, from 21.1% in the previous month and slightly above market forecasts of 22.2%. Costs increased further for food (43.8%), led by eggs, bread, milk products and cheese; electricity, gas and other fuels (65.9%), particularly natural and manufactured gas; consumer durables (14.4%), including new passenger cars and kitchen and other furniture; alcoholic beverage and tobacco (13.8%); and services (9%). Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, climbed to 24%, also the highest since June of 1996. On a monthly basis, consumer price inflation eased to 1.8% in November from 2% in October.
2022-12-08
Hungary Inflation Rate Rises to 26-Year High
The annual inflation rate in Hungary increased to 21.1% in October of 2022, the highest since September of 1996, from 20.1% in the previous month. Main upward pressure came from prices for food (40%), namely eggs, bread, milk products and cheese; electricity, gas and other fuels (64.4%), particularly natural and manufactured gas; consumer durables (14.9%), including new passenger cars and kitchen and other furniture; and alcoholic beverage and tobacco (12.8%). Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, climbed to 22.3%, also the highest in nearly 26 years. On a monthly basis, consumer price inflation slowed to 2% from 4.1% in September.
2022-11-09