Inflation fell to 0.4% in August, below July’s 0.8%. August’s figure represented the lowest inflation rate since April. Looking at...
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 |
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.
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