FX.co ★ Hungary Inflation Cools to 1-Year Low

In November 2025, Hungary's annual inflation rate decreased to 3.8%, falling from 4.3% observed during the previous four months and coming in lower than market predictions of 4%. This denotes the lowest inflation rate in a year, attributed to more moderate price increases in several sectors. Food prices saw an increase of 3.2% compared to 3.9% in October. Costs for electricity, gas, and other fuels rose by 9.8%, down from 10.7%, while service prices grew by 6.5%, a reduction from 6.7%. The clothing and footwear sector recorded a price increase of 1.4%, down from 1.7%. Moreover, prices for other goods, including motor fuels and lubricants, declined by 0.8% following a 0.2% uptick the previous month. On the other hand, inflation for consumer durables increased to 2.9% from 2.4%, while it remained steady for alcoholic beverages and tobacco at 7.5%. On a month-to-month basis, consumer prices rose by 0.1% in November after remaining flat for three consecutive months. Regarding annual core inflation, which excludes volatile items such as food and energy, the rate slightly decreased to 4.1% in November, aligning with market expectations, down from a four-month peak of 4.2% in October.