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.