Inflation in Hungary

Hungary Inflation | Economic News & Forecasts

Hungary - Inflation

Inflation drops to eight-month low in September

Consumer prices increased 0.1% over the previous month in September, contrasting the 0.1% month-on-month downturn in August. The reading reflected higher prices for alcoholic beverages and tobacco, services, and clothing and footwear.

Inflation dropped to 2.8% in September from 3.1% in August, marking the lowest reading since January and falling below the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, core inflation, in seasonally-adjusted terms, inched up to 3.9% in September from 3.7% in August.

Lastly, annual average inflation ticked down to 3.3% in September from 3.4% in August.

FocusEconomics panelists see inflation averaging 3.2% in 2020, which is up 0.1 percentage points from last month’s projection. For 2021, the panel sees inflation averaging 3.1%.

Hungary - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.7  -0.2  -0.1  0.4  2.4  

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Hungary Inflation Chart

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

Hungary Facts

Bond Yield2.030.0 %Sep 04
Exchange Rate298.6-0.68 %Sep 04
Stock Market39,7530.04 %Sep 04

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