The annual inflation rate in Hungary fell to 3.4 percent in June 2019 from 3.9 percent in the previous month and below market expectations of 3.6 percent. Prices slowed for transport (0.5 percent from 4 percent in May); alcoholic beverages & tobacco (7.3 percent from 9.2 percent); and restaurant & hotels (6.4 percent from 7 percent). Also, cost of communication continued to fall (-0.7 percent, the same as in May). Meanwhile, prices rose further for food & non-alcoholic beverages (5.6 percent from 5.1 percent); miscellaneous goods & services (2.3 percent from 2.1 percent); clothing & footwear (1.2 percent from 0.9 percent); and recreation & culture (2.6 percent from 1.8 percent). Additionally, inflation was steady for housing & utilities (at 2.3 percent, the same as in May); health (at 3.8 percent); education (at 3.1 percent); and furniture & household equipment (at 2.5 percent). On a monthly basis, consumer prices dropped 0.2 percent, after a 0.7 percent gain in the prior month. Inflation Rate in Hungary averaged 8.85 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 3.20 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 3.00 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.

Hungary Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-09 07:00 AM Inflation Rate YoY 3.7% 3.1% 3.5% 3.2%
2019-05-09 07:00 AM Inflation Rate YoY 3.9% 3.7% 4% 3.5%
2019-06-07 07:00 AM Inflation Rate YoY 3.9% 3.9% 3.9% 3.3%
2019-07-09 07:00 AM Inflation Rate YoY 3.4% 3.9% 3.6% 3.6%
2019-08-08 07:00 AM Inflation Rate YoY 3.4%
2019-09-10 07:00 AM Inflation Rate YoY
2019-10-08 07:00 AM Inflation Rate YoY 3.2%


Hungary Prices Last Previous Highest Lowest Unit
Inflation Rate 3.40 3.90 31.00 -1.40 percent [+]
Inflation Rate Mom -0.20 0.70 2.10 -0.70 percent [+]
Consumer Price Index CPI 1316.60 1319.90 1319.90 152.40 Index Points [+]
Harmonised Consumer Prices 110.00 109.20 110.00 29.31 Index Points [+]
Core Consumer Prices 443.10 442.60 443.10 102.90 Index Points [+]
Core Inflation Rate 3.80 4.00 26.31 -0.60 percent [+]
GDP Deflator 154.89 158.43 158.43 34.10 Index Points [+]
Producer Prices 102.70 104.10 111.30 96.50 Index Points [+]
Producer Prices Change 2.70 4.10 11.30 -3.50 percent [+]
Export Prices 103.20 102.10 111.50 89.80 Index Points [+]
Import Prices 103.60 102.50 113.00 89.50 Index Points [+]
CPI Transportation 100.50 104.00 122.00 91.70 Index Points [+]
Food Inflation 5.60 5.10 18.50 -2.70 percent [+]


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. This page provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Inflation Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.40 3.90 31.00 -1.40 1992 - 2019 percent Monthly
1990=100, NSA




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.40 May/19
China 2.70 Jun/19
Euro Area 1.20 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.80 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 May/19
United States 1.60 Jun/19


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