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.