The annual inflation rate in Hungary was steady at 7.4 percent in December of 2021, the same as the previous month and slightly above market estimates of 7.2 percent rise. It was the highest reading since December of 2007 and well above the central bank’s target range upper limit of 4.0 percent. Inflation quickened for food & non-alcoholic beverages (7.8 percent vs 5.5 percent in November), clothing & footwear (2.8 percent vs 1.8 percent), housing & utilities (3.4 percent vs 3.2 percent), restaurants & hotels (8.4 percent vs 7.4 percent), and furnishings (7.4 percent vs 6.8 percent). Meanwhile, inflation slowed for alcoholic beverages & tobacco (9.1 percent vs 11.8 percent), and transport (16.6 percent vs 20.6 percent). The core inflation rate surged to a near 20-year high of 6.4 percent, compared to 5.3 percent in November and market forecasts of 5.6 percent. On a monthly basis, consumer prices slowed to 0.3 percent, from a 0.7 percent uptick in the prior month. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.45 percent from 1992 until 2021, 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 January of 2022.

Inflation Rate in Hungary is expected to be 7.00 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 3.20 percent in 2023, according to our econometric models.

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Hungary Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-12-08 08:00 AM Nov 7.4% 6.5% 7.3% 7.2%
2022-01-14 08:00 AM Dec 7.4% 7.4% 7.2% 7.3%
2022-02-11 08:00 AM Jan 7.4%


Related Last Previous Unit Reference
Inflation Rate 7.40 7.40 percent Dec/21
Inflation Rate Mom 0.30 0.70 percent Dec/21
Consumer Price Index CPI 1468.50 1464.40 points Dec/21
Core Inflation Rate 6.40 5.30 percent Dec/21
Core Consumer Prices 447.90 442.50 points Dec/21
GDP Deflator 128.46 128.75 points Sep/21
Producer Prices 142.60 138.90 points Nov/21
Producer Prices Change 21.60 18.50 percent Nov/21
Export Prices 110.50 108.00 points Oct/21
Import Prices 118.70 113.00 points Oct/21
CPI Transportation 116.60 120.60 points Dec/21
Food Inflation 5.50 4.70 percent Nov/21

News Stream
Hungary December Inflation Rate Remains Steady at 7.4%
The annual inflation rate in Hungary was steady at 7.4 percent in December of 2021, the same as the previous month and slightly above market estimates of 7.2 percent rise. It was the highest reading since December of 2007 and well above the central bank’s target range upper limit of 4.0 percent. Inflation quickened for food & non-alcoholic beverages (7.8 percent vs 5.5 percent in November), clothing & footwear (2.8 percent vs 1.8 percent), housing & utilities (3.4 percent vs 3.2 percent), restaurants & hotels (8.4 percent vs 7.4 percent), and furnishings (7.4 percent vs 6.8 percent). Meanwhile, inflation slowed for alcoholic beverages & tobacco (9.1 percent vs 11.8 percent), and transport (16.6 percent vs 20.6 percent). The core inflation rate surged to a near 20-year high of 6.4 percent, compared to 5.3 percent in November and market forecasts of 5.6 percent. On a monthly basis, consumer prices slowed to 0.3 percent, from a 0.7 percent uptick in the prior month.
2022-01-14
Hungary November Inflation Rate Quickens to 7.4%
The annual inflation rate in Hungary increased to 7.4 percent in November of 2021 from 6.5 percent in the previous month, slightly above market estimates of a 7.3 percent rise. It was the highest reading since December of 2007 and well above the central bank’s target range upper limit of 4.0 percent. Main upward pressure came from price of transport (20.6 percent vs 16 percent in October); alcoholic beverages & tobacco (11.8 percent vs 12.2 percent); food & non-alcoholic beverages (5.5 percent vs 4.7 percent); and housing & utilities (3.2 percent vs 2.9 percent). The core inflation rate advanced to an over 8-year high of 5.3 percent, compared to 4.7 percent in October and market forecasts of 5 percent. On a monthly basis, consumer prices slowed to 0.7 percent, from a 1.1 percent gain in October.
2021-12-08
Hungary Inflation Rate at 9-Year High
The annual inflation rate in Hungary rose to 6.5 percent in October of 2021 from 5.5 percent in the prior month, beating market estimates of a 6.0 percent hike. The latest reading came well above the central bank’s target range upper limit of 4.0 percent and was the highest inflation rate since September of 2012. Main upward pressure came from prices of transportation (16.0 percent vs 11.3 percent in September); alcoholic beverages & tobacco (12.2 percent vs 12.3 percent); and food & non-alcoholic beverages (4.7 percent vs 3.8 percent). The core inflation rate quickened to a 14-month high of 4.7 percent, compared to 4.0 percent in September and market forecasts of 4.1 percent. On a monthly basis, consumer prices advanced 1.1 percent, the fastest pace since July last year, following a 0.2 percent increase in the prior month.
2021-11-09

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.