The annual inflation rate in Hungary picked up to 13.7% in July of 2022 from 11.7% in the previous month, surpassing market expectations of 13.1%. It was the highest inflation rate since July of 1998 and well above the central bank’s target ceiling of 4%. Upward pressure came mostly from prices of food & non-alcoholic beverages (28.8% vs 23.1% in June); alcoholic beverages & tobacco (11.1% vs 6.9%); furnishings & household maintenance (14.9% vs 13.8%) and restaurants & hotels (18.4% vs 17%). The annual core inflation rate rose to a 25-year high of 16.7%, above market forecasts of 14.8%. On a monthly basis, consumer prices inched up by 2.3%, compared to a 1.5% advance in the prior month. source: Hungarian Central Statistical Office
Inflation Rate in Hungary averaged 8.48 percent from 1992 until 2022, 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 August of 2022.
Inflation Rate in Hungary is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Inflation Rate is projected to trend around 4.50 percent in 2023 and 3.20 percent in 2024, according to our econometric models.