FX.co ★ Hungary Inflation Steady for 4th Month

Hungary's annual inflation rate remained stable at 4.3% in October 2025, consistent with the levels observed over the preceding three months and slightly below the anticipated market projection of 4.4%. The primary upward drivers of price increases were alcoholic beverages and tobacco products, which climbed to 7.5% up from 7.1% in September, along with electricity, gas, and other fuels rising to 10.7% from 10.6%, and services seeing an increase to 6.7% from 5.9%. Conversely, food inflation decelerated to 3.9% from 4.7%, as did inflation for clothing items, dropping to 1.7% from 2.4%, consumer durables slipping to 2.4% from 2.5%, and other goods, including motor fuels, declining to 0.2% from 0.6%. Month-on-month, consumer prices remained flat for the third straight month. The annual core inflation rate, which excludes the volatile components of food and energy, increased to 4.2% in October from 3.9% in the previous period, surpassing the forecast of 4.1% and reaching a four-month high.