Inflation Hungary 2004
Average inflation: 6.8%
Current Inflation
Inflation is very high at 6.8%, far above the ECB target.
Peak and Trough
The highest inflation was in May at 7.6%. The lowest inflation was in December at 5.5%.
- Highest month
- May: 7.6%
- Lowest month
- December: 5.5%
- 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 5.7%. The lowest price increase was in Food and non-alcoholic beverages with an average of 5.7%.
- Highest increase
- Food and non-alcoholic beverages: 5.7%
- Lowest increase
- Food and non-alcoholic beverages: 5.7%
Historical Context
Current inflation is around the 5-year average of 7.2%.
- 5-year average
- 7.2%
- 10-year average
- 13%
- All-time high (1991)
- 34.9%
- All-time low (2003)
- 4.7%
Trend
Inflation shows an upward trend. Compared to 2003, inflation has risen by +2.1 percentage point.
- Change vs. previous year
- +2.1 percentage points
- Largest monthly swing
- May: +4.0 percentage points
ECB Target
Inflation is 4.8% 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 €106.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 6.6% | +1.9 |
| February | 7.1% | +2.6 |
| March | 6.7% | +2.0 |
| April | 6.9% | +3.0 |
| May | 7.6% | +4.0 |
| June | 7.5% | +3.2 |
| July | 7.2% | +2.5 |
| August | 7.2% | +2.5 |
| September | 6.6% | +1.9 |
| October | 6.3% | +1.4 |
| November | 5.8% | +0.2 |
| December | 5.5% | -0.2 |
| Average | 6.8% |
Data source
Data from OECD. Last updated: 17/12/2025.