Hungarian Parliament building

Inflation in Hungary

Hungary Inflation

Inflation declines to lowest level since August 2022 in June

Inflation fell to 20.1% in June from May’s 21.5%. June’s reading represented the lowest inflation rate since August 2022. The reading was largely driven by increasing prices for clothing and footwear. In addition, price pressures for housing and energy declined at a more moderate pace.

Annual average inflation rose to 21.7% in June (May: 21.0%). Meanwhile, core inflation fell to 20.8% in June, from May’s 22.8%.

Finally, consumer prices increased 0.27% in June over the previous month, swinging from the 0.37% fall logged in May.

Hungary Inflation Chart

This chart displays Inflation Rate (CPI, annual variation in %) for Hungary from 2013 to 2022.

Hungary Inflation Data

2018 2019 2020 2021 2022
Inflation (CPI, ann. var. %, aop) 2.8 3.3 3.3 5.1 14.6
Inflation (CPI, ann. var. %, eop) 2.7 4.0 2.7 7.4 24.5
Inflation (HICP, ann. var. %, aop) 2.9 3.4 3.4 5.2 15.3
Inflation (Core, ann. var. %, aop) 2.0 3.1 3.7 3.9 15.8
Inflation (PPI, ann. var. %, aop) 5.5 2.1 4.2 13.6 33.7

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