Inflation in Hungary

Hungary Inflation | Economic News & Forecasts

Hungary - Inflation

Inflation comes in at highest level since March 1996 in December

Inflation rose to 24.5% in December from November’s 22.5%. December's figure marked the highest inflation rate since March 1996. The figure was primarily driven by increasing prices for clothing and footwear.

The trend pointed up, with annual average inflation coming in at 14.6% in December (November: 13.2%). Meanwhile, core inflation rose to 24.8% in December, from November’s 24.0%.

Lastly, consumer prices rose 1.93% in December over the previous month, picking up from the 1.82% increase seen in November.

FocusEconomics panelists see inflation averaging 6.5% in 2023, which is unchanged from last month’s projection. For 2024, the panel sees inflation averaging 3.9%.

Hungary - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)-0.1  0.4  2.4  2.8  3.4  

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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

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

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