Inflation Hungary 2020
Average inflation: 3.3%
Current Inflation
Inflation is high at 3.3%, well above the ECB target.
Peak and Trough
The highest inflation was in January at 4.7%. The lowest inflation was in May at 2.2%.
- Highest month
- January: 4.7%
- Lowest month
- May: 2.2%
- Difference
- 2.5 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 7.6%. The lowest price increase was in Transport with an average of -1.9%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.6%
- Lowest increase
- Transport: -1.9%
Historical Context
Current inflation is 0.8% higher than the 5-year average of 2.5%.
- 5-year average
- 2.5%
- 10-year average
- 2.3%
- All-time high (2001)
- 9.2%
- All-time low (2014)
- -0.2%
Trend
Inflation has remained relatively stable. Compared to 2019, the difference is minimal (-0.1 percentage point).
- Change vs. previous year
- -0.1 percentage points
- Largest monthly swing
- January: +2.0 percentage points
ECB Target
Inflation is 1.3% 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 €103.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 4.7% | +2.0 |
| February | 4.4% | +1.3 |
| March | 3.9% | +0.2 |
| April | 2.4% | -1.5 |
| May | 2.2% | -1.7 |
| June | 2.9% | -0.5 |
| July | 3.8% | +0.5 |
| August | 3.9% | +0.8 |
| September | 3.4% | +0.6 |
| October | 3.0% | +0.1 |
| November | 2.7% | -0.7 |
| December | 2.7% | -1.3 |
| Average | 3.3% |
Data source
Data from OECD. Last updated: 11/01/2026.