FX.co ★ Hungary Inflation Slows to Over 9-Year Low

Hungary’s annual inflation rate eased to 1.4% in February 2026, down from 2.1% in January and coming in below market expectations of 1.7%. This was the lowest rate since November 2016, driven primarily by weaker price increases for food (0.2% vs 1.3% in January), clothing and footwear (0.7% vs 1.6%), fuel and power (4.2% vs 6.2%), and services (4.2% vs 5%). In contrast, prices for other goods, including motor fuels, continued to fall but at a slower pace (-3.1% vs -3.5%). On a monthly basis, consumer prices rose 0.1% in February, down from a 0.3% increase in the previous month. Meanwhile, the annual core inflation rate, which excludes volatile components such as food and energy, slowed to 2.1% from 2.7%, its weakest increase since September 2018.