Inflation Hungary 2019
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 4.0%. The lowest inflation was in January at 2.7%.
- Highest month
- December: 4.0%
- Lowest month
- January: 2.7%
- Difference
- 1.3 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 8.4%. The lowest price increase was in Communication with an average of 0.1%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 8.4%
- Lowest increase
- Communication: 0.1%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 2.5%
- All-time high (2000)
- 9.8%
- All-time low (2014)
- -0.2%
Trend
Inflation shows an upward trend. Compared to 2018, inflation has risen by +0.5 percentage point.
- Change vs. previous year
- +0.5 percentage points
- Largest monthly swing
- March: +1.7 percentage points
ECB Target
Inflation is 1.4% 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 €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 2.7% | +0.6 |
| February | 3.1% | +1.2 |
| March | 3.7% | +1.7 |
| April | 3.9% | +1.6 |
| May | 3.9% | +1.1 |
| June | 3.4% | +0.3 |
| July | 3.3% | -0.1 |
| August | 3.1% | -0.3 |
| September | 2.8% | -0.8 |
| October | 2.9% | -0.9 |
| November | 3.4% | +0.3 |
| December | 4.0% | +1.3 |
| Average | 3.4% |
Data source
Data from OECD. Last updated: 11/01/2026.