🇭🇺Hungary inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 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 1.6% as of July 2026. That is 1.4 percentage points below the MNB's 3% target, and 1.4 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 3.7%, energy at 0.7%, food at -2.6% and services at 5.3%. The strongest pressure is in services (5.3%), while food is the softest (-2.6%).
Month on month the headline eased from 2.1% to 1.6%, a step down from the month before.
Hungary ranks number 27 of 30 European economies by annual inflation, from highest to lowest, between Denmark and Czechia.
Hungary's harmonised inflation is 1.6% as of July 2026 — belowthe European Central Bank's 2% target by 0.4 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 1.6% as of July 2026.
- Is Hungary's inflation above or below the MNB's 3% target?
- At 1.6%, it is 1.4 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 27 of 30 European economies by inflation, 1.4 points below the eurozone average of 3.0%.
- Did Hungary's inflation rise or fall last month?
- Month on month, the headline rate eased from 2.1% to 1.6% in July 2026.