The annual inflation rate in Hungary rose to 4.9% in August of 2021 from 4.6% in the prior month, above market expectations of 4.7% and the central bank’s target range of 3.0% plus or minus 1.0 percentage point. Main upward pressure came from alcoholic beverages & tobacco (11.5% vs 12.4% in July); transport (11.1% vs 10.1%); food & non-alcoholic beverages (3% vs 2.4%); restaurants & hotels (5.8% vs 5.2%) and furnishings (5.3% vs 5%). The annual core inflation was 3.6% in August, up from 3.5% in July, in line with market forecasts. On a monthly basis, consumer prices went up 0.2%, the least in nine months, following a 0.5% increase in the prior month. source: Hungarian Central Statistical Office

Inflation Rate in Hungary averaged 8.47 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 September of 2021.

Inflation Rate in Hungary is expected to be 4.30 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 2.90 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Hungary Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
4.90 4.60 31.00 -1.40 1992 - 2021 percent Monthly
1990=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 07:00 AM May 5.1% 5.1% 5.3% 5.2%
2021-07-08 07:00 AM Jun 5.3% 5.1% 4.9% 5.1%
2021-08-10 07:00 AM Jul 4.6% 5.3% 4.8% 5.1%
2021-09-08 07:00 AM Aug 4.9% 4.6% 4.7% 4.7%
2021-10-08 07:00 AM Sep 4.9%
2021-11-09 08:00 AM Oct
2021-12-08 08:00 AM Nov


News Stream
Hungary August Inflation Rate Quickens to 4.9%
The annual inflation rate in Hungary rose to 4.9% in August of 2021 from 4.6% in the prior month, above market expectations of 4.7% and the central bank’s target range of 3.0% plus or minus 1.0 percentage point. Main upward pressure came from alcoholic beverages & tobacco (11.5% vs 12.4% in July); transport (11.1% vs 10.1%); food & non-alcoholic beverages (3% vs 2.4%); restaurants & hotels (5.8% vs 5.2%) and furnishings (5.3% vs 5%). The annual core inflation was 3.6% in August, up from 3.5% in July, in line with market forecasts. On a monthly basis, consumer prices went up 0.2%, the least in nine months, following a 0.5% increase in the prior month.
2021-09-08
Hungary July Inflation Rate Slows More than Expected
The annual inflation rate in Hungary eased to 4.6 percent in July of 2021 from 5.3 percent in the prior month and below market expectations of 4.8 percent. It is the lowest inflation rate since March, mainly due to a slowdown in prices of transport (10.1 percent vs 13.3 percent in June); alcoholic beverages & tobacco (12.4 percent vs 13.7 percent); recreation & culture (1.4 percent vs 2.8 percent) and education (3.4 percent vs 4.2 percent). In addition, costs fell for clothing & footwear (-0.2 percent vs 1.2 percent) and communication (-1.2 percent vs -1.3 percent). At the same time, inflation remained steady for food & non-alcoholic beverages (at 2.4 percent) and furnishings (at 5 percent). On a monthly basis, consumer prices went up 0.5 percent, following a 0.6 percent increase in the previous month.
2021-08-10
Hungary June Inflation Rate at Near 9-Year High
The annual inflation rate in Hungary rose to 5.3 percent in June of 2021 from 5.1 percent in the prior month and above market expectations of 4.9 percent. It is the highest inflation rate since October of 2012, mainly on account of prices of alcoholic beverages and tobacco (13.7 percent, the same pace as in May) and transport (13.3 percent vs 15.6 percent), of which fuels. Additional upward pressure came from costs of food & non-alcoholic beverages (2.4 percent vs 1.8 percent); furnishings (5 percent vs 4.4 percent); restaurants & hotels (5.5 percent vs 4.4 percent) and recreation & culture (2.8 percent vs 1.8 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.5 percent increase in the previous month.
2021-07-08
Hungary Inflation Rate Unchanged at 5.1% in May
Consumer prices in Hungary climbed 5.1 percent in May of 2021, the same as in the previous month and missed market expectations of a 5.3 percent jump. It remained the highest inflation since November of 2012, underpinned by hikes in prices of transport (15.6 percent vs 16.5 percent in April), mainly lifted by a 36.2 percent surge in costs of fuel; and alcoholic beverages & tobacco (13.7 percent vs 13.6 percent), of which, tobacco jumped 19.8 percent. Inflationary pressure was also seen in miscellaneous goods & services (4.0 percent vs 3.9 percent); furniture & household equipment (4.4 percent vs 4.1 percent); health (5.2 percent vs 5.0 percent); food & non-alcoholic beverages (1.8 percent vs 1.7 percent); housing & utilities (1.3 percent vs 1.1 percent); and restaurants & hotels (4.4 percent vs 3.6 percent). On a monthly basis, consumer prices went up 0.5 percent, easing from a 0.8 percent increase in April.
2021-06-09

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.