The annual inflation rate in Hungary increased to 3.7 percent in March 2021, from 3.1 percent in February and in line with market expectations. It is the fastest inflation rate since August 2020, as prices continued to rise in transports (7.8 percent vs 2.6 percent in February); alcoholic beverages, tobacco (11.7 percent vs 11.3 percent); food and non-alcoholic beverages (2.1 percent vs 2.8 percent); recreation and culture (1.1 percent vs 1.0 percent); housing and utilities (0.9 percent vs 0.8 percent); and miscellaneous goods and services (3.3 percent vs 3.5 percent). On a monthly basis, consumer prices increased 0.7 percent in March, the same as in the previous month. source: Hungarian Central Statistical Office
Inflation Rate in Hungary averaged 8.52 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 April of 2021.
Inflation Rate in Hungary is expected to be 5.00 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 2.70 in 12 months time. In the long-term, the Hungary Inflation Rate is projected to trend around 2.90 percent in 2022 and 3.00 percent in 2023, according to our econometric models.