Inflation in Hungary

Hungary Harmonized Inflation (eop) | Economic News & Forecasts

Hungary - Harmonized Inflation (end of period)

Inflation rebounds in August

Consumer prices rose 0.20% from the previous month in August, edging down from July’s 0.50% increase. August’s rise was largely attributed to rising prices for services, food and motor fuels.

Inflation increased to 4.9% in August from 4.6% in July, moving further above the upper bound of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, the trend moved higher, with annual average inflation coming in at 3.9% from July’s 3.8%. Lastly, core inflation came in at July’s 3.6% in August.

FocusEconomics panelists see inflation averaging 4.3% in 2021, which is up 0.2 percentage points from last month’s projection. For 2022, the panel sees inflation averaging 3.4%.

Hungary - Harmonized Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %, eop)1.0  1.8  2.2  2.8  4.1  

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Hungary Harmonized Inflation (eop) Chart

Hungary Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Hungarian Central Statistical Office (KSH).

Hungary Facts

Value Change Date
Bond Yield2.080.0 %Dec 31
Exchange Rate295.1-0.68 %Jan 01

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