Inflation Hungary 1994
Average inflation: 18.8%
Current Inflation
Inflation is very high at 18.8%, far above the ECB target.
Peak and Trough
The highest inflation was in December at 21.2%. The lowest inflation was in February at 16.6%.
- Highest month
- December: 21.2%
- Lowest month
- February: 16.6%
- Difference
- 4.6 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food and non-alcoholic beverages with an average of 23.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 23.4%.
- Highest increase
- Food and non-alcoholic beverages: 23.4%
- Lowest increase
- Food and non-alcoholic beverages: 23.4%
Historical Context
Current inflation is 6.2% lower than the 5-year average of 25.0%. This approaches the lowest level since records began (18.8% in 1994).
- 5-year average
- 25%
- 10-year average
- 25%
- All-time high (1991)
- 34.9%
- All-time low (1994)
- 18.8%
Trend
Inflation shows a downward trend. Compared to 1993, inflation has fallen by +3.7 percentage point.
- Change vs. previous year
- -3.7 percentage points
- Largest monthly swing
- January: -8.9 percentage points
ECB Target
Inflation is 16.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €118.80 next year at this inflation rate.
Multi-year trend
Monthly figures 1994
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 1993 |
|---|---|---|
| January | 17.0% | -8.9 |
| February | 16.6% | -8.1 |
| March | 16.9% | -6.5 |
| April | 17.4% | -5.5 |
| May | 18.3% | -3.1 |
| June | 19.2% | -1.9 |
| July | 20.0% | -1.4 |
| August | 19.6% | -2.9 |
| September | 19.0% | -4.1 |
| October | 19.5% | -2.5 |
| November | 21.1% | +0.3 |
| December | 21.2% | +0.1 |
| Average | 18.8% |
Data source
Data from OECD. Last updated: 17/12/2025.