Inflation in Hungary

Hungary Inflation | Economic News & Forecasts

Hungary - Inflation

Inflation at seven-month low in December

Consumer prices dropped 0.3% over the previous month in December, matching November’s reading. December’s decline was driven by lower prices for motor fuels.

Inflation dropped to 2.7% in December from 3.1% in November, thus remaining within the Central Bank’s target range of 3.0% plus or minus 1.0 percentage point. Meanwhile, annual average inflation inched up to an over five-year high of 2.9% in December, from 2.8% in November.

Core consumer prices, which exclude volatile items such as fresh food and fuel, grew 0.2% from the previous month in December, up from November’s 0.1% uptick. Lastly, core inflation rose to 2.8% in December from November’s 2.6%.

FocusEconomics panelists see inflation averaging 2.7% in 2019, which is unchanged from last month’s projection. For 2020, the panel expects inflation to moderate to 2.6%.

Hungary - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.7  -0.2  -0.1  0.4  2.3  

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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 Yield2.870.0 %Jan 16
Exchange Rate282.1-0.68 %Jan 16
Stock Market40,9330.04 %Jan 16

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