Hungary’s core Consumer Price Index (CPI) accelerated slightly in October 2026, rising to 2.1% year-over-year from 1.9% in September 2026. The latest reading, updated on 10 November 2026, marks a modest uptick in underlying inflationary pressures in the Hungarian economy.
Both the current and previous figures are calculated on a year-over-year basis, comparing each month with the same month a year earlier. The move from 1.9% to 2.1% suggests that while core inflation remains relatively contained, price growth in items excluding volatile components has gained some momentum after the prior month’s lower rate.
The October increase in core CPI will be closely watched by market participants and policymakers as an indicator of underlying price dynamics, separate from short-term swings in energy and food costs, and may play into expectations for the future course of Hungarian monetary policy.