Annual inflation rate in Hungary rose to 3.8 percent in July 2020 from 2.9 percent in the previous month and above market expectations of a 3.3 percent gain. It was the highest inflation rate in four months, driven by higher cost of health (3.9 percent vs 3.6 percent in June); recreation & culture (2.4 percent vs 0.8 percent); education (3.4 percent vs 2.9 percent); furnishings (2.3 percent vs 1.6 percent) and restaurants & hotels (6.6 percent vs 5.5 percent). Also, cost of clothing & footwear rebounded (1 percent vs -0.9 percent); while transport prices fell less (-0.3 percent vs -5.1 percent). Meanwhile, prices slowed for food and non-alcoholic beverages (7.9 percent vs 8 percent) and alcoholic beverages and tobacco (6.8 percent vs 7.2 percent). On a monthly basis, consumer prices went up 1.1 percent, following a 0.4 percent rise in the prior month.

Inflation Rate in Hungary averaged 8.64 percent from 1992 until 2020, 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 2020.

Inflation Rate in Hungary is expected to be 3.00 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 2.20 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.40 percent in 2021 and 3.00 percent in 2022, according to our econometric models.

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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.80 2.90 31.00 -1.40 1992 - 2020 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-05-08 07:00 AM Apr 2.4% 3.9% 2.4% 2.6%
2020-06-09 07:00 AM May 2.2% 2.4% 2.4% 2.2%
2020-07-08 07:00 AM Jun 2.9% 2.2% 3% 2.9%
2020-08-11 07:00 AM Jul 3.8% 2.9% 3.3% 3.1%
2020-09-09 07:00 AM Aug 3.8%
2020-10-08 07:00 AM Sep 3%
2020-11-10 08:00 AM Oct
2020-12-08 08:00 AM Nov


News Stream
Hungary July Inflation Rate Rises to 4-Month High of 3.8%
Annual inflation rate in Hungary rose to 3.8 percent in July 2020 from 2.9 percent in the previous month and above market expectations of a 3.3 percent gain. It was the highest inflation rate in four months, driven by higher cost of health (3.9 percent vs 3.6 percent in June); recreation & culture (2.4 percent vs 0.8 percent); education (3.4 percent vs 2.9 percent); furnishings (2.3 percent vs 1.6 percent) and restaurants & hotels (6.6 percent vs 5.5 percent). Also, cost of clothing & footwear rebounded (1 percent vs -0.9 percent); while transport prices fell less (-0.3 percent vs -5.1 percent). Meanwhile, prices slowed for food and non-alcoholic beverages (7.9 percent vs 8 percent) and alcoholic beverages and tobacco (6.8 percent vs 7.2 percent). On a monthly basis, consumer prices went up 1.1 percent, following a 0.4 percent rise in the prior month.
2020-08-11
Hungary Inflation Rate Rises to 2.9%
Annual inflation rate in Hungary increased to 2.9 percent in June of 2020 from 2.2 percent in May, but slightly lower than market forecasts of 3 percent. It compares with 4.4 percent in February before the coronavirus crisis. Health cost increased faster (3.6 percent vs 3.3 percent in May) and transport prices fell at a much softer pace (-5.1 percent vs -10.4 percent). Biggest price increases were seen in cost of food and non-alcoholic beverages (8 percent vs 8.7 percent) and alcoholic beverages and tobacco (7.2 percent, the same as in May). On a monthly basis, consumer prices increased 0.5 percent, the same as in May.
2020-07-08
Hungary Inflation Rate Slows to Over 2-Year Low in May
Annual inflation rate in Hungary declined to 2.2 percent in May 2020 from 2.4 percent in the previous month and below market expectations of 2.4 percent. It was the lowest inflation rate since March 2018, amid a slowdown in cost of food & non-alcoholic beverages (8.7 percent vs 8.9 percent in April); housing & utilities (1.6 percent vs 1.8 percent); restaurants & hotels (5.5 percent vs 6.9 percent); health (3.3 percent vs 3.4 percent); and recreation & culture (2 percent vs 2.1 percent). Also, cost of clothing & footwear dropped 1 percent, after rising 0.3 percent. On the other hand, transport prices fell at a softer pace (-10.4 percent vs -10.5 percent). On a monthly basis, consumer prices rose 0.4 percent, following a 0.6 percent decline in the prior month.
2020-06-09
Hungary Inflation Rate Lowest in 2 Years
Annual inflation rate in Hungary fell to 2.4 percent in April of 2020 from 3.9 percent in March, matching market forecasts. It is the smallest inflation rate since April of 2018, mainly due to a 22.7 percent plunge in motor fuel prices due to falls in international oil markets. On the other hand, main upward pressure came from cost of food (8.7 percent), alcoholic beverages and tobacco (7.2 percent) and services (3 percent); namely games of chance (7.8 percent) and rents (5.6 percent). On a monthly basis, consumer prices were down 0.6 percent, the biggest monthly drop since September of 2015.
2020-05-08

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.