Latest reading: Consumer prices fell 0.1% on an annual basis in May, swinging from April’s 0.4% increase. May’s result marked...
Inflation in Hungary
In the year 2024, the inflation in Hungary was 3.69%, compared to -0.22% in 2014 and 17.13% in 2023. It averaged 4.77% over the last decade. For more inflation information, visit our dedicated page.
Hungary Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hungary from 2024 to 2019.
Source: Macrobond.
Hungary Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.3 | 5.1 | 14.6 | 17.1 | 3.7 |
| Inflation (CPI, ann. var. %, eop) | 2.7 | 7.4 | 24.5 | 5.5 | 4.6 |
| Inflation (HICP, ann. var. %, aop) | 3.4 | 5.2 | 15.3 | 17.0 | 3.7 |
| Inflation (Core, ann. var. %, aop) | 3.7 | 3.9 | 15.8 | 17.7 | 4.6 |
| Inflation (PPI, ann. var. %, aop) | 4.2 | 13.6 | 33.7 | 7.8 | 1.0 |
Inflation eases in April
Latest reading: Inflation fell to 4.2% in April, below March’s 4.7% and marking the lowest inflation rate since November 2024. The moderation was chiefly due to lower price pressures for food plus a decline in transport costs. Meanwhile, April saw quicker price rises for health, housing and utilities, recreation, and hospitality. The trend was unchanged, with annual average inflation coming in at March's 4.1% in April. Meanwhile, core inflation fell to 5.0% in April from the previous month's 5.7%. Lastly, consumer prices increased 0.17% over the previous month in April, swinging from March's 0.05% fall.
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 36 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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