Inflation Hungary 2003
Average inflation: 4.7%
Current Inflation
Inflation is high at 4.7%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 5.7%. The lowest inflation was in May at 3.6%.
- Highest month
- December: 5.7%
- Lowest month
- May: 3.6%
- 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 1.4%. The lowest price increase was in Food and non-alcoholic beverages with an average of 1.4%.
- Highest increase
- Food and non-alcoholic beverages: 1.4%
- Lowest increase
- Food and non-alcoholic beverages: 1.4%
Historical Context
Current inflation is 3.1% lower than the 5-year average of 7.8%. This approaches the lowest level since records began (4.7% in 2003).
- 5-year average
- 7.8%
- 10-year average
- 14.2%
- All-time high (1991)
- 34.9%
- All-time low (2003)
- 4.7%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +0.6 percentage point.
- Change vs. previous year
- -0.6 percentage points
- Largest monthly swing
- April: -2.2 percentage points
ECB Target
Inflation is 2.7% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €104.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | 4.7% | -1.9 |
| February | 4.5% | -1.7 |
| March | 4.7% | -1.2 |
| April | 3.9% | -2.2 |
| May | 3.6% | -2.0 |
| June | 4.3% | -0.5 |
| July | 4.7% | +0.1 |
| August | 4.7% | +0.2 |
| September | 4.7% | +0.1 |
| October | 4.9% | 0.0 |
| November | 5.6% | +0.8 |
| December | 5.7% | +0.9 |
| Average | 4.7% |
Data source
Data from OECD. Last updated: 17/12/2025.