🇭🇺Hungary inflation rate
Last updated 1 Jul 2026 · data through May 2026 · next release expected 17 Jul 2026
Hungary sits outside the euro area, with its own currency and central bank. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 2.3% as of May 2026. That is 0.7 percentage points below the MNB's 3% target, and 0.5 points below the eurozone average of 2.8%.
The breakdown shows core (excluding energy and food) at 3.5%, energy at 3.0%, food at -0.7% and services at 5.2%. The strongest pressure is in services (5.2%), while food is the softest (-0.7%).
Month on month the headline eased from 2.6% to 2.3%, a step down from the month before.
Hungary ranks number 23 of 30 European economies by annual inflation, from highest to lowest, between Germany and Estonia.
Hungary's harmonised inflation is 2.3% as of May 2026 — abovethe European Central Bank's 2% target by 0.3 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Hungary's current inflation rate?
- Hungary's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 2.3% as of May 2026.
- Is Hungary's inflation above or below the MNB's 3% target?
- At 2.3%, it is 0.7 percentage points below the National Bank of Hungary's 3% target.
- How does Hungary's inflation compare with the rest of Europe?
- Hungary ranks number 23 of 30 European economies by inflation, 0.5 points below the eurozone average of 2.8%.
- Did Hungary's inflation rise or fall last month?
- Month on month, the headline rate eased from 2.6% to 2.3% in May 2026.