FX.co ★ Hungary’s August CPI Inches Up to 1.3% Year-on-Year, Ending Disinflation Streak

Hungary’s annual inflation rate edged higher in August 2026, with the Consumer Price Index (CPI) rising 1.3% year-on-year, up slightly from 1.2% in July 2026. The latest data, updated on 08 September 2026, indicate a modest uptick in price pressures after a period of very low inflation.

Both the current and previous readings compare prices to the same month a year earlier, meaning the 1.3% figure reflects how August 2026 prices stack up against August 2025, while the 1.2% July figure was measured against July 2025. The marginal increase suggests inflation remains subdued on a year-over-year basis, but may signal that the disinflation trend seen earlier in the year is beginning to level off.

For policymakers and markets, the move from 1.2% to 1.3% is small, yet it will be watched closely as an indicator of whether underlying price dynamics in Hungary are stabilizing or starting to re-accelerate from their recent lows.