Hungary's annual inflation rate jumped to a five-month high of 3.7 percent in March 2019 from 3.1 percent in the previous month and above market expectations of 3.5 percent. Significant price rises were recorded for alcoholic beverages & tobacco (8.6 percent vs 7.3 percent in February) as well as food & non-alcoholic beverages (5.2 percent vs 5 percent), transport (3.7 percent vs 0.6 percent) and housing & utilities (2.2 percent vs 2.1 percent). The core inflation climbed to 3.8 percent, the highest reading since December 2012 and also above market consensus of 3.6 percent. On a monthly basis, consumer prices rose 0.7 percent in March, the biggest increase since last April. Inflation Rate in Hungary averaged 8.90 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 3.40 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 3.10 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.