Hungary’s July Inflation Cools Further to 1.2% Year-on-Year

Hungary’s consumer price inflation eased again in July 2026, with the Consumer Price Index (CPI) slowing to 1.2% year-on-year, down from 1.7% in June 2026. The latest data, updated on 7 August 2026, underline a continuation of the country’s disinflationary trend on an annual basis.

Both the current and previous readings reflect year-over-year comparisons, measuring price changes in each month against the same month a year earlier. The step down from June’s 1.7% to July’s 1.2% suggests that price pressures in Hungary continued to moderate as the summer progressed, potentially giving policymakers more room to maneuver on monetary settings if the trend persists.