Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Hungary
In the year 2024, the inflation in Hungary was 3.69%, compared to -0.22% in 2014 and 17.13% in 2023. It averaged 4.77% over the last decade. For more inflation information, visit our dedicated page.
Hungary Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hungary from 2022 to 2019.
Source: Macrobond.
Hungary Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.3 | 3.3 | 5.1 | 14.6 | 17.1 |
| Inflation (CPI, ann. var. %, eop) | 4.0 | 2.7 | 7.4 | 24.5 | 5.5 |
| Inflation (HICP, ann. var. %, aop) | 3.4 | 3.4 | 5.2 | 15.3 | 17.0 |
| Inflation (Core, ann. var. %, aop) | 3.1 | 3.7 | 3.9 | 15.8 | 17.7 |
| Inflation (PPI, ann. var. %, aop) | 2.1 | 4.2 | 13.6 | 33.7 | 7.8 |
Inflation eases in April
Latest reading: Inflation fell to 4.2% in April, below March’s 4.7% and marking the lowest inflation rate since November 2024. The moderation was chiefly due to lower price pressures for food plus a decline in transport costs. Meanwhile, April saw quicker price rises for health, housing and utilities, recreation, and hospitality. The trend was unchanged, with annual average inflation coming in at March's 4.1% in April. Meanwhile, core inflation fell to 5.0% in April from the previous month's 5.7%. Lastly, consumer prices increased 0.17% over the previous month in April, swinging from March's 0.05% fall.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Hungarian inflation projections for the next ten years from a panel of 36 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Hungarian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Hungarian inflation projections.
Want to get access to the full dataset of Hungarian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Angola: Inflation nears two-year low but remains among fastest in the region in May -
Argentina: Inflation falls to lowest level since March 2021 in May Latest reading: Inflation dropped to 43.5% in May, below April’s 47.3%. May’s result marked the lowest inflation rate since March... -
United States: Inflation rises in May but undershoots expectations Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%... -
Russia: Inflation cools for second straight month but remains above target in May Latest reading: Inflation fell for the second consecutive month in May, coming in at 9.9% (April: 10.2%) and marking the... -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November...