Inflation Hungary 2008
Average inflation: 6.1%
Inflation in 2008
Inflation is very high at 6.1%, far above the ECB target.
Peak and Trough
The highest inflation was in January at 7.1%. The lowest inflation was in December at 3.5%.
- Highest month
- January: 7.1%
- Lowest month
- December: 3.5%
- Difference
- 3.6 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 10.5%. The lowest price increase was in Health with an average of -1.0%.
- Highest increase
- Food and non-alcoholic beverages: 10.5%
- Lowest increase
- Health: -1.0%
Historical Context
Inflation is around the 5-year average of 5.7%.
- 5-year average
- 5.7%
- 10-year average
- 6.7%
- All-time high (1991)
- 34.9%
- All-time low (2005)
- 3.6%
Trend
Over the period 2006-2008, inflation shows an upward trend. Compared to 2007, inflation has fallen by 1.9 percentage points.
- Change vs. previous year
- -1.9 percentage points
- Largest monthly swing
- December: -3.9 percentage points
ECB Target
Inflation is 4.1 percentage points 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 HUF 100 this year will cost approximately HUF 106 next year at this inflation rate.
Multi-year trend
Monthly figures 2008
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2007 |
|---|---|---|
| January | 7.1% | -0.7 |
| February | 6.9% | -1.9 |
| March | 6.7% | -2.3 |
| April | 6.6% | -2.2 |
| May | 7.0% | -1.5 |
| June | 6.7% | -1.9 |
| July | 6.7% | -1.7 |
| August | 6.5% | -1.8 |
| September | 5.7% | -0.7 |
| October | 5.1% | -1.6 |
| November | 4.2% | -2.9 |
| December | 3.5% | -3.9 |
| Average | 6.1% |
Data source
Data from OECD. Last updated: 13/01/2026.