Hungary Inflation Rate 1973-2024

Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.
  • Hungary inflation rate for 2023 was 17.13%, a 2.52% increase from 2022.
  • Hungary inflation rate for 2022 was 14.61%, a 9.5% increase from 2021.
  • Hungary inflation rate for 2021 was 5.11%, a 1.78% increase from 2020.
  • Hungary inflation rate for 2020 was 3.33%, a 0.01% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Hungary 17.13%
Palau 12.80%
Poland 11.53%
Czech Republic 10.66%
Slovak Republic 10.53%
Barbados 9.79%
Estonia 9.16%
Lithuania 9.12%
Latvia 8.94%
Iceland 8.74%
Sweden 8.55%
Croatia 7.94%
Austria 7.81%
Chile 7.58%
Slovenia 7.45%
United Kingdom 6.79%
Ireland 6.30%
Finland 6.25%
Germany 5.95%
Uruguay 5.87%
New Zealand 5.73%
Italy 5.62%
Australia 5.60%
Norway 5.52%
Malta 5.09%
Antigua and Barbuda 5.07%
France 4.88%
Singapore 4.82%
Trinidad and Tobago 4.63%
Portugal 4.31%
Israel 4.23%
United States 4.12%
Belgium 4.05%
Canada 3.88%
Netherlands 3.84%
Luxembourg 3.74%
Kuwait 3.64%
South Korea 3.60%
St. Kitts and Nevis 3.56%
Cyprus 3.54%
Spain 3.53%
Greece 3.46%
Denmark 3.31%
Japan 3.27%
Bahamas 3.05%
Qatar 3.03%
Saudi Arabia 2.33%
Switzerland 2.14%
Hong Kong 2.10%
Panama 1.49%
Oman 0.94%
Brunei 0.36%
Bahrain 0.07%
Seychelles -1.04%
Hungary Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 17.13% 2.52%
2022 14.61% 9.50%
2021 5.11% 1.78%
2020 3.33% -0.01%
2019 3.34% 0.49%
2018 2.85% 0.50%
2017 2.35% 1.95%
2016 0.39% 0.46%
2015 -0.06% 0.17%
2014 -0.23% -1.96%
2013 1.73% -3.92%
2012 5.65% 1.72%
2011 3.93% -0.93%
2010 4.86% 0.64%
2009 4.21% -1.83%
2008 6.04% -1.92%
2007 7.96% 4.03%
2006 3.93% 0.37%
2005 3.56% -3.18%
2004 6.74% 2.08%
2003 4.66% -0.60%
2002 5.27% -3.85%
2001 9.12% -0.69%
2000 9.80% -0.19%
1999 10.00% -4.16%
1998 14.15% -4.15%
1997 18.31% -5.16%
1996 23.47% -4.84%
1995 28.31% 9.44%
1994 18.87% -3.60%
1993 22.46% -1.19%
1992 23.66% -11.16%
1991 34.82% 6.45%
1990 28.37% 11.22%
1989 17.15% 1.43%
1988 15.72% 7.05%
1987 8.67% 3.38%
1986 5.29% -1.65%
1985 6.94% -1.53%
1984 8.47% 1.19%
1983 7.28% 0.44%
1982 6.84% 2.17%
1981 4.66% -4.62%
1980 9.29% 0.31%
1979 8.98% 4.29%
1978 4.69% 0.78%
1977 3.91% -1.32%
1976 5.23% 1.39%
1975 3.84% 2.05%
1974 1.80% -1.59%
1973 3.39% -1.59%