Consumer prices were 8.3% higher on average in Hungary in February 2022 than a year earlier, the country's Central Statistical Office reports. The last time inflation was as high in Hungary was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices […]

The decision of the Monetary Council of the Magyar Nemzeti Bank (MNB) on Tuesday was in line with expectations, and the publication of the latest inflation report may bring a change in central bank policy, analysts told the state news agency MTI. The National Bank of Hungary (MNB) raised its benchmark base rate by 50bps […]

Consumer prices were 7.9% higher on average in January 2022 than a year earlier. The last time the inflation was higher was in August 2007. The highest price rises over the last 12 months were measured for motor fuels as well as food. In one month, consumer prices increased by 1.4% on average, the Central […]

Inflation hit a 14-year high at the end of last year and the government is embarking on a massive cash giveaway ahead of the election. And the result is in: the majority of Hungarians expect retail prices to go out of control in 2022, according to a representative survey by Pulzus Research. Last November, consumer […]

The National Bank of Hungary ended its quantitative easing program as policy makers vowed to pursue a “long” tightening cycle to combat soaring inflation. Hungary’s central bank brought its program of corporate and government bond purchases to an end as policy makers seek to tighten monetary conditions in the face of rampant inflation. Nevertheless, the […]

Consumer prices were 7.4% higher on average in November 2021 than a year earlier. The last time the inflation was as high was in December 2007.  The highest price rises over the last 12 months were measured for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 0.7% on average, […]

Faced with surging inflation and a weakening currency, Hungary’s monetary policy maker took decisive steps this week. The central bank raised the one-week deposit rate by 70 basis points after hiking the benchmark interest rate hike 2 two days earlier. The Hungarian National Bank (MNB) raised the benchmark interest rate by 30 basis points to […]

The faster-than-expected increase in Hungarian consumer prices has taken the market by surprise and is prompting analysts to revise their inflation projections upward. Many believe that the nation’s central bank will be forced to tighten monetary conditions more aggressively than planned to tamper inflationary pressures in the economy. Hungarian consumer prices jumped 6.5% year on […]

Consumer prices were 6.5% higher on average in October 2021 than a year earlier. Significant price rises were measured over the last 12 months for motor fuels as well as alcoholic beverages and tobacco. In one month, consumer prices increased by 1.1% on average, the Central Statistical Office reports. In 12 months, compared to October 2020: Food […]

Consumer prices were 5.5% higher on average in September 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices increased by 0.2% on average. The central Statistical Office reports that in 12 months, compared to September 2020, […]

Hungary’s headline inflation picked up again in August, exceeding market expectations and bolstering the case for further interest rate increases. Analysts predict that the rate of inflation will remain above 5% in the coming months. After a remarkable slowdown in July, Hungarian inflation picked up at a quick pace in August. Consumer prices jumped an […]

Consumer prices were 4.9% higher on average in August 2021 than a year earlier. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.2% on average, the Central Statistical Office reports. In 12 months, compared to […]

Consumer prices were 4.6% higher on average in July 2021 than a year earlier, according to the Central Statistical Office. Significant price rises were measured over the last 12 months for alcoholic beverages and tobacco as well as motor fuels. In one month, consumer prices were up by 0.5% on average. In the past 12 months, compared […]

At its meeting on July 27, 2021, the Monetary Council of the National Bank of Hungary (Magyar Nemzeti Bank – MNB) reviewed the latest economic and financial developments and decided to increase the central bank base rate by 30 basis points to 1.20% in effect from the next day. The goal of the measure is […]

Housing prices in Hungary have nearly doubled in the past ten years; the extent of price increases was higher only in two other European Union member states in this period. Despite the jump in prices, interest in home purchases remains strong. Average residential real estate prices in Hungary increased by nearly 100% in the last […]