Inflation Rate in Hungary increased by 21.1 % in October 2022 over the same month in the previous year. The maximum level was 2.1 % and minimum was -0.7 %. Label. Hungary Inflation Rate MoM The Consumer Price Index in Hungary increased 4.10 percent in September of 2022 over the previous month. on the first row indicates that between 2016 and 2021, the average inflation rate was 3.39%. Looking at the details of the release, prices for clothing and footwear plunged in May. source: Hungarian Central Statistical Office 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Hungary Core Inflation Rate Within this, natural and manufactured gas prices went up by 121%, the price of firewood by 57.7%, that of butane and propane gas by 51.1%, and electricity prices by 28.6%. In Hungary, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. The 21.1% inflation rate is the highest measured in Hungary since the mid-1990s. The Trading Economics Application Programming Interface (API) provides direct access to our data. Restaurants and Hotels; Health; Furniture, Household Goods and Maintenance; Communication; Clothing and Footwear and Education account for the remaining 26 percent of total weight. May 18, 2022 This statistic shows the average inflation rate in Hungary from 1987 to 2021, with projections up until 2027. Data published Monthly by Central Statistical Office. Hungary's inflation hits 21.1% in October. October 2022 Data - 1992-2021 Historical - November Forecast, Hungary Inflation Rate Rises to 26-Year High, Hungary Trade Gap Widens Less Than Expected, Hungary Retail Sales Growth Rises in September, Hungary Industrial Output Grows More than Expected, Hungary Factory Activity Rebounds in October, Hungary Producer Inflation Slows in September, Hungary Jobless Rate Drops to 3.7% in July-September, Hungary Gross Wage Growth Accelerates in August, NBH Hikes O/N Rate by 950bps in Emergency Meeting, Hungarian Forint Rallies After Emergency NBH Hike, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. Hungary Historical Inflation Rates | 1981-2022 Hungary Current Inflation Rate Hungary Historical Inflation Rates 1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 2020 45% 36% 27% 18% 9% 0% -9% 1982 1985 1988 1991 1994 1997 2000 2003 2006 2009 2012 2015 2018 2021 ING is calculating with 5.6-5.7 percent inflation in 2022. Hungary inflation rate for 2018 was 2.85%, a 0.5% increase from 2017. In September 2022, the monthly inflation rate was 4.08. Electricity, gas and other fuels became 64.4% more expensive. The World Inflation Rate The average inflation rate around the world is 7.4%. The maximum level was 18.5 % and minimum was -2.7 %. The Trading Economics Application Programming Interface (API) provides direct access to our data. Meanwhile, the core inflation rate, which excludes volatile items such as food and energy, climbed to 22.3%, also the highest in nearly 26 years. Producing journalism that is worthy of the name is a costly business. Hungary inflation rate for 2020 was 3.33%, a 0.01% decline from 2019. source: Hungarian Central Statistical Office, Hungary Inflation Rate Rises to 26-Year High, Hungary Trade Gap Widens Less Than Expected, Hungary Retail Sales Growth Rises in September, Hungary Industrial Output Grows More than Expected, Hungary Factory Activity Rebounds in October, Hungary Producer Inflation Slows in September, Hungary Jobless Rate Drops to 3.7% in July-September, Hungary Gross Wage Growth Accelerates in August, NBH Hikes O/N Rate by 950bps in Emergency Meeting, Hungarian Forint Rallies After Emergency NBH Hike, Malaysia Retail Trade Growth Slows in September, Thailand Consumer Morale Rises to 10-Month High, China Stocks Slide as New Energy Firms Weigh, Australia Inflation Expectations Rise in Nov, Oil Pressured by US Stock Build, China Covid Woes, Philippines Economy Grows 2.9% QoQ in Q3, Tops Forecasts, Dollar Steadies Ahead of Inflation Report, US Inflation Rate Expected to Remain High, Philippines Q3 GDP Growth Beats Estimates. source: Hungarian Central Statistical Office 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Hungary Inflation Rate MoM Inflation Rate MoM measures month over month change in the price of goods and services. . Inflation increased to 8.5% from February's 8.3%, marking the highest inflation rate since June 2007. Household paper and other products cost 5.1%, detergents 3.6%, pet food 3.4% and toilet articles 3.2% more for consumers. That core rate rose 6.6% in the last year, up from 6.3% in August and the largest 12-month increase since August 1982, according . The rate in August was 15.6 percent, but a lot has happened since then. EXCEL. Forbes.hu reported that most predictions point out that inflation will be around 20 percent. The maximum level was 475 Index Points and minimum was 103 Index Points. Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Following link provides you with an overview of current inflation by country (CPI) . Hungary: Inflation jumps in January February 14, 2022 Consumer prices jumped 1.37% in January over the previous month, following the 0.28% rise recorded in December and marking the sharpest increase in 10 years. Hungary Inflation Rate Last Release Sep 30, 2022 Actual 20.1 Units In % Previous 15.6 Frequency Monthly Next Release Nov 09, 2022 Time to Release 2 Days 0 Hours Oct 21 Jan 22 Apr 22 Sep. According to the findings of a survey conducted. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers. In 2022, inflation will be much higher, while economic growth will be lower than previously expected, the National Bank of Hungary (MNB) forecasts in its latest inflation report. The annual inflation rate in Hungary rose to 8.5 percent in March of 2022 from 8.3 percent in the previous month, but missing market expectations of a 8.7 percent rise. Double-digit inflation in September 2022 was recorded in 19 of 38 OECD countries, with the highest rates observed in Estonia, Hungary, Latvia, Lithuania and Trkiye (all above 20%). Direct access to our data from your apps using any programing language. Standard users can export data in a easy to use web interface or using an excel add-in. Consumers paid 14.9% more forconsumer durables,within which 22.5% more for new passenger cars, 19.7% more for kitchen and other furniture, and 19.1% more for living and dining room furniture. Pet food prices became 46.9%, the price of household repair and maintenance goods 29.4%, that of household paper and other products 29.0%, detergent prices 27.3% and the price of toilet articles 26% higher. inflation: september 2022: 20.124 %: august 2022: . Consumer prices in Hungary were 21.1% higher on average in October2022 than a year earlier, according to data released by the Central Statistical Office (KSH). The maximum level was 1426 index points and minimum was 152 index points. Hungary has proposed extensive judicial reforms in a bid to unblock 5.8 billion in grants from the EU's post-pandemic recovery fund, according to documents seen by POLITICO. Singapore: Inflation stable in September. Hungary Consumer Price Index (CPI) - July 2022 Data - 1992-2021 Historical Hungary Consumer Price Index (CPI) Consumer Price Index CPI in Hungary increased to 1630 points in July from 1592.80 points in June of 2022. source: Hungarian Central Statistical Office 1Y 5Y 10Y 25Y MAX Chart Compare Export API Embed Hungary Consumer Price Index (CPI) Serviceprices increased by 0.5% on average, within which other public entertainment tickets and personal care services both became 2.0% and the repair and maintenance of dwellings 1.7% more expensive. In line with international best practice, the Report is published at 10 a.m. two days after the Monetary Council's interest rate-setting meeting. The NBH also created a new one-day deposit facilitiy with an interest rate of 18%, effectively replacing the base rate. April's result was the highest reading since January 2012. Hungary: Inflation at over 14-year high in February. The forint had an average inflation rate of 8.96% per year between 1973 and today, producing a cumulative price increase of 6,599.91%. In 2022 the US economy contracted for two consecutive quarters after experiencing record inflation not seen since 1981. The 'Inflation %' column indicates how much prices have changed since the previous year. The sharpest price increases were recorded for food, alcoholic beverages and tobacco and consumer durables. Inflation came in at 7.5% in September, matching August's figure, which had marked the highest inflation rate since June 2008. Current job openings: Download historical data for 20 million indicators using your browser. Inflation Rate in Hungary increased by 2 % in October 2022 over the previous month. According to the MNB, the price increase of fuel and tobacco will slow down next year, industrial goods and services will rise faster than this year, while the rate of growth in food prices will almost double in 2022. The question is rather about it being more or less than this value. Europe 16:23, 09-Nov-2022. Food Inflation in the United States averaged 3.44 percent from 1914 until 2022, reaching an all time high of 36.70 percent in May of 1917 and a record low of -34.30 percent in June of 1921. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor. Hungary Inflation Rate, YoY - ECONOMICS Hungary inflation rate for 2021 was 5.11%, a 1.78% increase from 2020. June's result marked the weakest reading since March. The annual inflation rate in Hungary increased to 21.1% in October of 2022, the highest since September of 1996, from 20.1% in the previous month. Oct 19 2022, 06:14 EDT: Next Release: Nov 17 2022, 05:00 EST: Long Term Average: 5.72%: Average Growth Rate-148.7%: Value from Last Month: 18.60%: Change from . The median estimate in a Bloomberg survey was 8.8% . The annual U.S. inflation rate was little changed last month, hitting 8.2% year over year compared with August's 8.3% reading as the pace of price increases remains at multidecade highs, causing pain for many households. Download Historical Data The maximum level was 119 Index Points and minimum was 29.31 Index Points. Hungary inflation rate for 2021 was 5.11%, a 1.78% increase from 2020. The current inflation rate in Hungary is 20.10%, which is calculated based on CPI (Consumer Price Index) values for the last 12 months ending in September 2022. The weakening of the local currency amid surging energy prices drove Hungarian Prime Minister Viktor Orban to pressure the central bank to enact emergency measures, hiking its overnight collateralized lending rate by 950 basis points to 25% earlier in the month. All rights reserved. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions. Consumer prices rose 1.65% in May over the previous month, picking up from April's 1.63% increase. This includes energy (+4.3%) and food (+33.1%). Hungary: Inflation comes in at highest level since May 2001 in May. or its affiliated companies. On a monthly basis, consumer price inflation slowed to 2% from 4.1% in September. Take-profit.org, 2022 | All rights reserved. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. Erste Bank Hungary Earnings Fall 59%in Q1-Q3, Tech and Industry Minister Palkovics Resigns - Report. Transport accounts for 16.2 percent; Housing and Utilities for 13.2 percent; Alcoholic beverages and Tobacco for 8.3 percent; Recreation and Culture for 7.7 percent and Miscellaneous Goods and Services for 7.3 percent. Analysts now. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. In 2021, the average inflation rate in Hungary amounted to about. We have a plan for your needs. We would like to offer that same opportunity to our readers. The graph above shows the annual inflation rates in Hungary for the previous 10 calendar years, from 2012. The maximum level was 1426 index points and minimum was 152 index points. , the trend pointed up, with annual average inflation coming in at %! Hungary & # x27 ; s uptick marked the highest measured in Hungary by Country in 2022 - FocusEconomics < /a > Take-profit.org, 2022 | rights. 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