Inflation Hungary 2002
Average inflation: 5.3%
Current Inflation
Inflation is very high at 5.3%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 6.6%. The lowest inflation was in August at 4.5%.
- Highest month
- January: 6.6%
- Lowest month
- August: 4.5%
- Difference
- 2.1 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 4.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 4.4%.
- Highest increase
- Food and non-alcoholic beverages: 4.4%
- Lowest increase
- Food and non-alcoholic beverages: 4.4%
Historical Context
Current inflation is 4.4% lower than the 5-year average of 9.7%. This approaches the lowest level since records began (5.3% in 2002).
- 5-year average
- 9.7%
- 10-year average
- 16%
- All-time high (1991)
- 34.9%
- All-time low (2002)
- 5.3%
Trend
Inflation shows a downward trend. Compared to 2001, inflation has fallen by +3.9 percentage point.
- Change vs. previous year
- -3.9 percentage points
- Largest monthly swing
- June: -5.7 percentage points
ECB Target
Inflation is 3.3% 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 €105.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2002
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2001 |
|---|---|---|
| January | 6.6% | -3.5 |
| February | 6.2% | -4.2 |
| March | 5.9% | -4.6 |
| April | 6.1% | -4.2 |
| May | 5.6% | -5.2 |
| June | 4.8% | -5.7 |
| July | 4.6% | -4.8 |
| August | 4.5% | -4.2 |
| September | 4.6% | -3.4 |
| October | 4.9% | -2.7 |
| November | 4.8% | -2.3 |
| December | 4.8% | -2.0 |
| Average | 5.3% |
Data source
Data from OECD. Last updated: 17/12/2025.