Argentina:
Inflation came in at 124.4% in August, up from July’s 113.4%. August’s figure represented the highest inflation rate since our...
Inflation in Hungary
Consumer price inflation in Hungary averaged 3.3% in the ten years to 2022, which is below the Eastern Europe regional average of 7.7%. The 2022 average figure was 14.6%. For more inflation information, visit our dedicated page.
Hungary Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Hungary from 2022 to 2019.
Source: Macrobond.
Hungary Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.3 | 3.3 | 5.1 | 14.6 | 17.1 |
| Inflation (CPI, ann. var. %, eop) | 4.0 | 2.7 | 7.4 | 24.5 | 5.5 |
| Inflation (HICP, ann. var. %, aop) | 3.4 | 3.4 | 5.2 | 15.3 | 17.0 |
| Inflation (Core, ann. var. %, aop) | 3.1 | 3.7 | 3.9 | 15.8 | 17.7 |
| Inflation (PPI, ann. var. %, aop) | 2.1 | 4.2 | 13.6 | 33.7 | 7.8 |
Inflation comes in at highest level since December 2023 in May
Inflation rose to 4.0% in May, from April’s 3.7%. May's result was the highest inflation rate since December 2023. Prices for electricity, gas and other fuels fell at a softer pace in May, while price pressures for food and services remained stable. Lastly, prices for alcohol and tobacco, plus clothing and footwear, rose at a softer pace. The trend pointed down, with annual average inflation coming in at 8.7% in May (April: 10.0%). Meanwhile, core inflation edged down to 4.0% in May, from April’s 4.1%. Lastly, consumer prices fell 0.06% over the previous month in May, swinging from April's 0.70% increase. May's result marked the weakest reading since December 2023.
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 34 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.
Latest Global Inflation News
-
-
Angola:
Consumer prices increased 2.16% over the previous month in October, a smaller increase than the 2.34% increase recorded in September.... -
Malaysia: Inflation holds steady in June
Inflation was stable at May’s 2.0% in June. The reading came in below market expectations as the rationalization of diesel... -
Hong Kong: Inflation rises in June but remains subdued
Inflation increased to 1.4% in June, slightly above May’s 1.1%. As such, inflation remained among the lowest rates in Asia,... -
Kuwait: Inflation falls to lowest level since November 2020 in June
Inflation fell to 2.8% in June, following May’s 3.2%. June’s reading marked the weakest inflation rate since November 2020, and... -
Canada: Inflation declines to lowest level since March 2021 in June
Inflation dropped to 2.7% in June, which followed May’s 2.9% and undershot market expectations. June’s figure represented the lowest inflation... -
Japan: Inflation holds steady at highest level since October 2023 in June
Inflation was stable at May’s 2.8% in June. June’s reading represented the highest inflation rate since October 2023, and marked...