The annual inflation rate in Hungary picked up to 13.7% in July of 2022 from 11.7% in the previous month, surpassing market expectations of 13.1%. It was the highest inflation rate since July of 1998 and well above the central bank’s target ceiling of 4%. Upward pressure came mostly from prices of food & non-alcoholic beverages (28.8% vs 23.1% in June); alcoholic beverages & tobacco (11.1% vs 6.9%); furnishings & household maintenance (14.9% vs 13.8%) and restaurants & hotels (18.4% vs 17%). The annual core inflation rate rose to a 25-year high of 16.7%, above market forecasts of 14.8%. On a monthly basis, consumer prices inched up by 2.3%, compared to a 1.5% advance in the prior month. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.48 percent from 1992 until 2022, 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 2022.

Inflation Rate in Hungary is expected to be 10.50 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 4.50 percent in 2023 and 3.20 percent in 2024, according to our econometric models.

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Hungary Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-08 07:00 AM Jun 11.7% 10.7% 11.5% 10.9%
2022-08-09 07:00 AM Jul 13.7% 11.7% 13.1% 12.7%
2022-09-08 07:00 AM Aug 13.7%


Related Last Previous Unit Reference
Inflation Rate 13.70 11.70 percent Jul 2022
Inflation Rate Mom 2.30 1.50 percent Jul 2022
Consumer Price Index CPI 1630.00 1592.80 points Jul 2022
Core Inflation Rate 16.70 13.80 percent Jul 2022
Core Consumer Prices 503.80 490.80 points Jul 2022
GDP Deflator 136.10 137.89 points Mar 2022
Producer Prices 168.40 163.40 points Jun 2022
Producer Prices Change 35.00 32.30 percent Jun 2022
Export Prices 124.30 118.70 points May 2022
Import Prices 131.80 125.30 points May 2022
CPI Transportation 111.70 112.10 points Jul 2022
Food Inflation 28.80 23.10 percent Jul 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
13.70 11.70 31.00 -1.40 1992 - 2022 percent Monthly
1990=100, NSA

News Stream
Hungary July Inflation Rate Hits 24-Year High
The annual inflation rate in Hungary picked up to 13.7% in July of 2022 from 11.7% in the previous month, surpassing market expectations of 13.1%. It was the highest inflation rate since July of 1998 and well above the central bank’s target ceiling of 4%. Upward pressure came mostly from prices of food & non-alcoholic beverages (28.8% vs 23.1% in June); alcoholic beverages & tobacco (11.1% vs 6.9%); furnishings & household maintenance (14.9% vs 13.8%) and restaurants & hotels (18.4% vs 17%). The annual core inflation rate rose to a 25-year high of 16.7%, above market forecasts of 14.8%. On a monthly basis, consumer prices inched up by 2.3%, compared to a 1.5% advance in the prior month.
2022-08-09
Hungary Inflation Rate at 21-Year High
The annual inflation rate in Hungary accelerated to 10.7 percent in May of 2022 from 9.5 percent in the previous month, surpassing market expectations of 10.5 percent. It was the highest inflation rate since May of 2001 and well above the central bank’s target ceiling of 4 percent. Main upward pressure came from food and non-alcoholic beverages (19.4 percent vs 16.2 percent in April), housing and utilities (5.8 percent vs 5.3 percent), furnishings and household maintenance (12.4 percent vs 10.6 percent), and restaurants and hotels (15 percent vs 13.1 percent). While remaining high, prices decelerated for transportation (13.2 percent vs 13.5 percent) amid slower prices for fuels and lubricants (10.8 percent vs 12.7 percent). The core inflation rate rose to a 1998-high of 12.2 percent, well above expectations of an 11.1 percent rise. On a monthly basis, consumer prices went up by 1.7 percent, compared to a 1.6 percent advance in the prior month.
2022-06-08
Hungary Inflation Rate at Near 21-Year High
The annual inflation rate in Hungary accelerated to 9.5 percent in April of 2022 from 8.5 percent in the previous month, above market expectations of 9.0 percent. It was the highest inflation rate since June 2001 and significantly far from the central bank’s target ceiling of 4.0 percent. Main upward pressure came from food & non-alcoholic beverages (16.2 percent vs 13.4 percent in March); transports (13.5 percent vs 12.3 percent); housing & utilities (5.3 percent vs 4.6 percent); miscellaneous goods & services (6.2 percent vs 5.7 percent); furnishings, household equipment & routine maintenance (10.6 percent vs 9.5 percent); and restaurants & hotels (13.1 percent vs 11.7 percent). The core inflation rate rose to a new 21-year high of 10.3 percent, from 9.1 percent in March and well above market forecasts of 9.6 percent. On a monthly basis, consumer prices went up 1.6 percent, following a 1.0 percent advance in the prior month.
2022-05-10