The average inflation rate in Hungary was forecast to continuously decrease between 2024 and 2029 by in total 0.8 percentage points. The inflation is estimated to amount to three percent in 2029. The International Monetary Fund describes this indicator as a measure of inflation based upon the year on year change in the average consumer price index. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services. The values shown here refer to the year-on-year change in this index measure, expressed in percent.Find more key insights for the average inflation rate in countries like Czechia, Poland, and Slovenia.

Over the observed period the inflation rate in Hungary only reached negative values in 2014 and 2015. According to the Hungarian National Bank, in 2023, the country's inflation rate recorded a 17.6 percent increase compared to the previous year. According to the findings of a survey conducted among the population in 2022, the majority of Hungarians expected the yearly inflation rate to reach six to eight percent. Fighting rising prices As of January 2022, inflation rate for food totaled over 10 percent in the country, making it the product group with the second biggest price increase, right after motor fuels. In February 2022, Hungary’s prime minister, Viktor Orbán introduced price caps on basic food products such as cooking oil, flour, sugar, milk, pork leg, and chicken breast as a means to fight peaking inflation rates. Hungarians’ purchasing power per capita As of 2022, the highest purchasing power per person was recorded in the country’s capital, Budapest where residents had on average 129 percent at their disposal to spend or put into savings. At the same time, Komárom-Esztergom was the second wealthiest county in Hungary with purchasing power per capita totaling 111 percent.

Cost of food in Hungary increased 6.80 percent in February of 2025 over the same month in the previous year. This dataset provides - Hungary Food Inflation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate for all items in Hungary reached 17.5 percent in July 2023. Hungary demonstrated the highest inflation rate among the European Union (EU) countries in June 2023.

Hungary Core Inflation: Same Mth PY=100: sa data was reported at 106.230 Same Mth PY=100 in Feb 2025. This records an increase from the previous number of 105.776 Same Mth PY=100 for Jan 2025. Hungary Core Inflation: Same Mth PY=100: sa data is updated monthly, averaging 103.958 Same Mth PY=100 from Jan 1996 (Median) to Feb 2025, with 350 observations. The data reached an all-time high of 126.260 Same Mth PY=100 in Jan 1996 and a record low of 100.361 Same Mth PY=100 in Apr 2006. Hungary Core Inflation: Same Mth PY=100: sa data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.I013: Core Inflation: Same Month Previous Year=100.

Harmonised Inflation Rate YoY in Hungary remained unchanged at 5.70 percent in February. This dataset includes a chart with historical data for Hungary Harmonised Inflation Rate YoY.

As of November 2024, food prices had increased by four percent in Hungary over the same month in the previous year. During the observed period, food inflation rates peaked in December 2022 at nearly 48 percent, while the lowest inflation rate for food products was recorded in July 2016 at negative 0.9 percent. Accelerating inflation rates Besides food prices increasing throughout 2022, overall inflation also accelerated in the country. By 2023, inflation rates were over 17 percent, which was the highest annual figure documented in the past decade. In comparison, the lowest inflation rate was recorded in 2014 at negative 1.2 percent. Food inflation in CEE As soaring inflation rates became a common phenomenon over the past years, Hungary wasn’t the only Central Eastern European country experiencing a dramatic food price increase in 2022. In Czechia, food inflation peaked in November 2022 at 26 percent, while it reached over 35 percent in Lithuania at the same time.

Hungary Core Inflation: Prev Month=100 data was reported at 100.489 Prev Mth=100 in Oct 2018. This records an increase from the previous number of 100.163 Prev Mth=100 for Sep 2018. Hungary Core Inflation: Prev Month=100 data is updated monthly, averaging 100.359 Prev Mth=100 from Jan 1995 (Median) to Oct 2018, with 286 observations. The data reached an all-time high of 103.800 Prev Mth=100 in Jan 1995 and a record low of 99.674 Prev Mth=100 in Sep 2014. Hungary Core Inflation: Prev Month=100 data remains active status in CEIC and is reported by Hungarian Central Statistical Office. The data is categorized under Global Database’s Hungary – Table HU.I013: Core Inflation: Previous Month=100.

Energy commodity price inflation in Hungary increased significantly in 2022. Gas price inflation recorded the highest increase, reaching 120 percent in October 2022. Energy commodity prices have increased in light of the Russia-Ukraine war and an ongoing fuel supply shortage. However, since July 2023, energy commodity price inflation has shown a decline in the country.

Inflation, GDP deflator (annual %) in Hungary was reported at 14.75 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Hungary - Inflation, GDP deflator (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Hungary Core Inflation: Same Mth PY=100: excl Indirect Taxes (IT) data was reported at 102.521 Same Mth PY=100 in Oct 2018. This records an increase from the previous number of 102.348 Same Mth PY=100 for Sep 2018. Hungary Core Inflation: Same Mth PY=100: excl Indirect Taxes (IT) data is updated monthly, averaging 102.256 Same Mth PY=100 from Jan 2004 (Median) to Oct 2018, with 178 observations. The data reached an all-time high of 105.647 Same Mth PY=100 in Jul 2008 and a record low of 100.573 Same Mth PY=100 in Jul 2010. Hungary Core Inflation: Same Mth PY=100: excl Indirect Taxes (IT) data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.I012: Core Inflation: Same Month Previous Year=100.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

As of January 2022, Hungarians with personal income estimated the inflation rate at 32.6 percent. However, respondents with a monthly personal income of more than 300 thousand forints did not think the inflation rate exceeded 28 percent.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Hungary (CPGRLE01HUA659N) from 1991 to 2024 about Hungary, core, all items, CPI, inflation, price index, indexes, and price.

Hungary HU: Inflation:(GDP) Gross Domestic ProductDeflator data was reported at 3.666 % in 2017. This records an increase from the previous number of 0.959 % for 2016. Hungary HU: Inflation:(GDP) Gross Domestic ProductDeflator data is updated yearly, averaging 5.202 % from Dec 1992 (Median) to 2017, with 26 observations. The data reached an all-time high of 26.733 % in 1995 and a record low of 0.959 % in 2016. Hungary HU: Inflation:(GDP) Gross Domestic ProductDeflator data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Hungary – Table HU.World Bank.WDI: Inflation. Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; Median;

Forbrugerprisindekset i Ungarn steg med 1,50 procent i januar 2025 i forhold til måneden før. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Ungarn - Inflation Rate (Månedlig).

Kerneforbrugerpriserne i Ungarn steg med 5,80 procent i januar 2025 sammenlignet med samme måned året før. Aktuelle værdier, historiske data, prognoser, statistik, diagrammer og økonomisk kalender - Ungarn - Kerneinflation.

As of July 2024, the most significant price rise in Hungary was recorded in the case of services, with an increase of almost 10 percent over the last 12 months. Alcoholic beverages and clothing wear recorded the second most significant increase in prices, reaching over four percent.

Hungary Core Inflation: Same Mth PY=100: excl IT: excl Processed Food data was reported at 102.574 Same Mth PY=100 in Oct 2018. This records an increase from the previous number of 102.350 Same Mth PY=100 for Sep 2018. Hungary Core Inflation: Same Mth PY=100: excl IT: excl Processed Food data is updated monthly, averaging 101.863 Same Mth PY=100 from Jan 2004 (Median) to Oct 2018, with 178 observations. The data reached an all-time high of 104.435 Same Mth PY=100 in May 2004 and a record low of 100.581 Same Mth PY=100 in Feb 2011. Hungary Core Inflation: Same Mth PY=100: excl IT: excl Processed Food data remains active status in CEIC and is reported by National Bank of Hungary. The data is categorized under Global Database’s Hungary – Table HU.I012: Core Inflation: Same Month Previous Year=100. The indicator represents Demand Sensitive Inflation.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Overall Index Excluding Energy, Food, Alcohol and Tobacco for Hungary (HUNCPHPLA01GYM) from Jan 1997 to Dec 2024 about Hungary, tobacco, alcohol, core, all items, and inflation.