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.