Hungary Inflation January 2021


Hungary: Inflation stable in January

February 12, 2021

Consumer prices soared 0.90% from the previous month in January, following December's 0.30% increase. January's figure largely reflected higher prices for good, alcoholic beverages and tobacco.

Inflation remained stable at December’s 2.7% in January. Meanwhile, the trend pointed down, with annual average inflation coming in at 3.2% in January from 3.3% in December. Lastly, core inflation rose to 4.2% from the previous month's 4.0%.

FocusEconomics panelists see inflation averaging 3.0% in 2021, which is up 0.1 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 2.9%.

Author: Massimo Bassetti, Senior Economist

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Hungary Inflation Chart

Hungary Inflation January 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Hungarian Central Statistics Office.

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