Latest reading: Consumer prices rose 6.4% in annual terms in June, following a 6.8% increase in the previous month. The...
Inflation in Hungary
Consumer price inflation in Hungary averaged 4.8% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 3.7%. For more information on inflation, visit our dedicated page.
Hungary Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hungary from 2014 to 2025.
Source: Macrobond.
Hungary Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 5.1 | 14.6 | 17.1 | 3.7 | 4.4 |
| Inflation (CPI, ann. var. %, eop) | 7.4 | 24.5 | 5.5 | 4.6 | 3.3 |
| Inflation (HICP, ann. var. %, aop) | 5.2 | 15.3 | 17.0 | 3.7 | 4.4 |
| Inflation (Core, ann. var. %, aop) | 3.9 | 15.8 | 17.7 | 4.6 | 4.6 |
| Inflation (PPI, ann. var. %, aop) | 13.6 | 33.7 | 7.8 | 1.0 | 4.1 |
Inflation eases in June from May
Latest reading: Consumer prices rose 1.7% on a year-on-year basis in June, following a 1.8% increase in the prior month, remaining below the Central Bank’s 2.0–4.0% target range. Relative to the previous month's data, there were milder price pressures for clothing and footwear (+0.3% on a year-on-year basis vs +0.4% in May), food and non-alcoholic beverages (-2.4% vs -2.1% in May), housing and energy (+1.0% vs +1.2% in May) and transport (+1.5% vs +2.5% in May). Meanwhile, core consumer prices were up 2.0% on a year-on-year basis in June, following a 1.9% rise in the previous month. Finally, consumer prices flatlined in June in month-on-month terms, following a 0.05% decline in the previous month.
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 41 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.
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