Inflation in Hungary

Hungary Inflation | Economic News & Forecasts

Hungary - Inflation

Inflation dips slightly in July

Consumer prices rose 0.2% over the previous month in July, contrasting a 0.2% month-on-month fall in June. A surge in the price of tobacco and recreational services drove the upturn, more than offsetting lower prices for consumer durables and motor fuels.

Inflation inched down to 3.3% in July from 3.4% in June, creeping closer to the midpoint of the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Similarly, core inflation, in seasonally-adjusted terms, dipped to 3.7% from 3.8% in the previous month.

Lastly, annual average inflation remained at an over five-year high of 3.4% in July. .

FocusEconomics panelists see inflation averaging 3.4% in 2019, which is up 0.1 percentage points from last month’s projection. For 2020, 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 Yield2.350.0 %Jul 31
Exchange Rate294.4-0.68 %Jul 31
Stock Market40,7680.04 %Jul 31

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