Inflation, CPI (Average) rose to 3.26% in Hungary in 2019

Inflation, CPI (Average) (%)
Economy | Hungary | January 01, 2020
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Average inflation measured by CPI reached 3.26 % in 2019 in Hungary, according to the National Statistical Office. This is 16.3 % more than in the previous year.

Historically, average inflation measured by CPI in Hungary reached an all time high of 3.26 % in 2019 and an all time low of -0.002 % in 2014. When compared to Hungary's main peers, average inflation measured by CPI in Austria amounted to 2.07 %, 2.32 % in Czech Republic, 2.83 % in Poland and 2.22 % in Slovakia in 2019.

Hungary has been ranked 84th within the group of 174 countries we follow in terms of average inflation measured by CPI, 11 places behind the position seen 10 years ago.

Inflation as measured by the consumer price index (CPI) 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.

Inflation, CPI (Average) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Austria % 0.021% 1.96% 2.07% 2.10% 2.10%
Czech Republic % 0.025% 2.33% 2.32% 2.00% 2.00%
Germany % 0.015% 1.81% 1.78% 2.08% 2.29%
Hungary % 0.023% 2.81% 3.26% 2.97% 2.95%
Italy % 0.012% 1.35% 1.42% 1.48% 1.58%
Poland % 0.021% 1.99% 2.83% 2.50% 2.50%
Russia % 0.037% 2.83% 5.09% 4.80% 4.80%
Slovakia % 0.013% 2.65% 2.22% 2.03% 2.03%
Switzerland % 0.005% 1.08% 1.37% 1.00% 1.00%
Ukraine % 0.144% 10.9% 7.33% 5.97% 5.85%