The annual inflation rate in Hungary increased to 3.7% in November 2024, up from 3.2% in the previous month but slightly below market expectations of 3.8%. This marked the highest rate since July, driven by higher costs for food (4.9% vs 4.5% in October), particularly flour (39.3%), as well as for alcoholic beverages and tobacco (4% vs 3.8%). At the same time, prices dropped at slower rates for electricity, gas and other fuels (-3.2% vs -4.8%) and consumer durables (-0.2% vs -0.3%). Conversely, price growth slowed for services (7% vs 7.2%). Meanwhile, the core inflation, which excludes volatile items such as food and energy, fell to a five-month low of 4.4% in November, from 4.5% in the prior month and below market forecasts of 4.7%. On a monthly basis, consumer prices rose by 0.5%, following a 0.1% increase in October. source: Hungarian Central Statistical Office

Inflation Rate in Hungary increased to 3.70 percent in November from 3.20 percent in October of 2024. Inflation Rate in Hungary averaged 8.78 percent from 1992 until 2024, reaching an all time high of 31.00 percent in June of 1995 and a record low of -1.40 percent in January of 2015. This page provides - Hungary Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2025.

Inflation Rate in Hungary increased to 3.70 percent in November from 3.20 percent in October of 2024. Inflation Rate in Hungary is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hungary Inflation Rate is projected to trend around 2.80 percent in 2025 and 2.40 percent in 2026, according to our econometric models.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-11-12 07:30 AM
Inflation Rate YoY
Oct 3.2% 3% 3.5% 3.6%
2024-12-10 07:30 AM
Inflation Rate YoY
Nov 3.7% 3.2% 3.8% 3.7%
2025-01-14 07:30 AM
Inflation Rate YoY
Dec 3.7% 3.7%

Components Last Previous Unit Reference
Food Inflation 4.00 3.50 percent Nov 2024

Related Last Previous Unit Reference
CPI 2007.50 1997.10 points Nov 2024
Core Consumer Prices 624.70 622.80 points Nov 2024
Core Inflation Rate YoY 4.40 4.50 percent Nov 2024
CPI Transportation 100.80 97.90 points Nov 2024
Export Prices 102.20 102.70 points Sep 2024
GDP Deflator 184.58 173.45 points Dec 2023
Import Prices 102.60 103.50 points Sep 2024
Inflation Rate YoY 3.70 3.20 percent Nov 2024
Inflation Rate MoM 0.50 0.10 percent Nov 2024
Producer Prices 150.90 144.80 points Nov 2024
PPI YoY 7.90 2.60 percent Nov 2024

Hungary Inflation Rate
In Hungary, the most important category in the consumer price index is Food and Non-Alcoholic Beverages (23 percent of total weight). Transport accounts for 15 percent; Housing and Utilities for 12 percent; Alcoholic beverages, Tobacco and Narcotics for 9 percent; Recreation and Culture for 7 percent; Miscellaneous Goods and Services for 7 percent; and Furniture, Household Equipment and Maintenance for 7 percent. Health; Restaurants and Hotels; Communication; Clothing and Footwear; and Education account for the remaining 20 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
3.70 3.20 31.00 -1.40 1992 - 2024 percent Monthly
1990=100, NSA


News Stream
Hungary Inflation Rises to 4-Month High
The annual inflation rate in Hungary increased to 3.7% in November 2024, up from 3.2% in the previous month but slightly below market expectations of 3.8%. This marked the highest rate since July, driven by higher costs for food (4.9% vs 4.5% in October), particularly flour (39.3%), as well as for alcoholic beverages and tobacco (4% vs 3.8%). At the same time, prices dropped at slower rates for electricity, gas and other fuels (-3.2% vs -4.8%) and consumer durables (-0.2% vs -0.3%). Conversely, price growth slowed for services (7% vs 7.2%). Meanwhile, the core inflation, which excludes volatile items such as food and energy, fell to a five-month low of 4.4% in November, from 4.5% in the prior month and below market forecasts of 4.7%. On a monthly basis, consumer prices rose by 0.5%, following a 0.1% increase in October.
2024-12-10
Hungary Inflation Rises to 3.2% in October
The annual inflation rate in Hungary rose to 3.2% in October 2024, up from 3% in September, which was the lowest rate since January 2021. The latest figure came in below market forecasts of 3.5%. Price growth accelerated for food (4.5% vs 3.7% in September), driven by notable rises in the prices of flour (38.9%), milk (16.8%), and fruit and vegetable juices (12.1%). On the other hand, costs softened for services (7.2% vs 8.4%) and alcoholic beverages and tobacco (3.8% vs 3.9%), while decreased for electricity, gas and other fuels (-4.8% vs -5%) and consumer durables (-0.3% vs -0.2%). Meanwhile, the core inflation, which excludes volatile items such as food and energy, eased to a four-month low of 4.5% in October, below market expectations of 4.9%. On a monthly basis, consumer prices were up 0.1% in October, after a 0.1% fall in the previous month.
2024-11-12
Hungary Inflation Rate Lowest Since 2021
The annual inflation rate in Hungary eased to 3% in September 2024 from 3.4% in the previous month, slightly below market expectations of 3.1% gain. This marked the lowest reading since January 2021, as prices slowed for clothing (3.3% vs 4.5% in August) and services (8.4% vs 9.5%). Moreover, deflation continued for electricity, gas & other fuels (-5% vs -4.3%) while remained unchanged for alcoholic, beverages and tobacco products (3.9%) and consumer durable goods (-0.2%). Meanwhile, prices accelerated for food (3.7% vs 2.4%). The annual core inflation rate, which excludes volatile items such as food and energy, edged up to 4.8% from 4.6% in August, matching market expectations. On a monthly basis, consumer prices tumbled 0.1% in September, after showing no growth in the previous month.
2024-10-10