National bank inflation forecast

December 27, 2017

In Hungary, the rate of inflation will reach 3% percent, consistent with price stability. That inflation target in the prognosis of the National Bank of Hungary's inflation report is expected to be achieved in a sustainable manner by the middle of 2019.

In the assessment of the Monetary Council, in parallel with the pick-up in domestic demand, Hungarian economic output is close to its potential level. It says the growth of the Hungarian economy will continue to be dynamic in 2018, then, it will slow down based on our current assumptions.

According to, GDP growth in 2018 will increasingly be supported by strong external boom, by the use of European Union funds as well as by stronger exports.


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